Hong Kong stocks lead losses in Asia Pacific after Wall Street tumbles on rate worries
Publishing timestamp: 2024-05-24 03:26:48
Summary
Asian stocks, including Hong Kong's Hang Seng index and South Korea's Kospi, fell on rate worries and inflation data from Japan. Nvidia's shares rose after strong earnings, while Samsung Electronics faced issues with its latest chips. Bilibili reported wider losses for the first quarter. Traders are lowering expectations for Federal Reserve interest rate cuts. Geopolitical concerns and upcoming elections may impact market sentiment. Artificial intelligence and semiconductor stocks rose following Nvidia's strong earnings.
Sentiment: MIXED
Tickers: SMCI, NVDA, ARM, .DXY, .SZI, AMAT, MRVL, @LCO.1, .HSI, .N225, JPY=, .DJI, BA, .SPX, .KS11, .IXIC, AMD, 9626-HK, .SSEC, .AXJO, MU, @CL.1, SMH, AUD=, ASML-NL,
Keywords: australian dollar/us dollar fx spot rate, prices, dxy us dollar currency index, breaking news: asia, shanghai, world markets, s&p 500 index, asia economy, breaking news: markets, shenzhen component index, economic events, ice brent crude (apr'23), s&p/asx 200, usd/jpy, dow jones industrial average, arm holdings plc, nvidia corp, boeing co, nikkei 225 index, kospi index, nasdaq composite, hang seng index, wti crude (mar'23), australia, business news, markets,
Source: https://www.cnbc.com/2024/05/24/asia-markets-live-updates-japan-cpi-nvidia-earnings-.html