Hong Kong stocks lead slide in Asia-Pacific markets, Hang Seng down about 2%
Publishing timestamp: 2024-05-21 03:56:37
Summary
Hang Seng index led losses in Asia-Pacific markets despite Wall Street tech rally. Nvidia shares gained on bullish analyst calls. Li Auto shares plunged after missing first-quarter targets. RBA considered raising rates. Samsung Electronics named new chief for semiconductor unit. U.S. tariffs on Chinese electric vehicles to impact battery supply chain. Global video game developer shares seen as undervalued. Commodities remain biggest threat to U.S. stock market. JPMorgan Chase CEO hints at stepping down sooner. Federal Reserve Vice Chair emphasizes inflation not cooling quickly enough.
Sentiment: MIXED
Tickers: BABA, .HSI, 241-HK, JPM, 669-HK, 2330-TW, .SSEC, 2317-TW, ARM, NVDA, AUD=, .DJI, .SPX, .N225, 2015-HK, @LCO.1, .AXJO, .DXY, .IXIC, .KS11, JPY=, .SZI, @CL.1,
Keywords: ice brent crude (apr'23), asia economy, breaking news: asia, taiwan semiconductor manufacturing co ltd, australia, business news, jpmorgan drn, nvidia corp, arm holdings plc, kospi index, shenzhen component index, usd/jpy, hon hai precision industry co ltd, prices, breaking news: markets, s&p 500 index, s&p/asx 200, nikkei 225 index, markets, australian dollar/us dollar fx spot rate, economic events, dow jones industrial average, hang seng index, wti crude (mar'23), dxy us dollar currency index, shanghai, world markets, nasdaq composite,
Source: https://www.cnbc.com/2024/05/21/asia-markets.html