Asia markets track Wall Street gains amid renewed U.S. rate cut hopes; Hong Kong stocks hit 10-month high
Publishing timestamp: 2024-05-10 03:34:12
Summary
Hong Kong led Asia-Pacific stocks higher on renewed hopes for rate cuts by U.S. Federal Reserve. Japan's household spending in March fell less than expected. India's interest rates likely to stay "higher for longer." OCBC posted record first-quarter revenue and profit. HSBC expects Xiaomi's EV to break even sooner than previously projected. Arm-based AI PCs could transform global semiconductor industry. Japan recorded its biggest current account surplus. Some investors are questioning buying growth stocks. Papa John's reported sluggish sales, while Domino's saw strong sales increase. Krispy Kreme saw a jump in organic sales.
Sentiment: MIXED
Tickers: JPY=, PZZA, .SZI, @CL.1, .DJI, .KS11, @LCO.1, GDX, ARM, OCBC-SG, .IXIC, .N225, NVDA, XLB, .AXJO, .SSEC, .DXY, DPZ, 1810-HK, AUD=, .HSI, DNUT, .SPX,
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Source: https://www.cnbc.com/2024/05/10/asia-markets-live-updates-japan-trade-japan-household-spending-.html