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India stocks recoup some losses as investors digest election results; broader Asia markets mixed - TL;DR CNBC

India stocks recoup some losses as investors digest election results; broader Asia markets mixed

Publishing timestamp: 2024-06-05 03:32:05


Summary

Asia-Pacific markets were mixed with India's stocks rising after a heavy sell-off due to election results. Australia's GDP growth was slightly below expectations, while China's services sector showed growth. Real wages in Japan fell for the 25th straight month. Wealth manager noted a shift in investments towards AI companies like Nvidia. Concerns were raised about the stock market's response to economic slowdown and potential rate cuts. Bank of America Securities clients were net sellers of U.S. equities, particularly in the tech sector.


Sentiment: MIXED

Tickers: .KS11.SZINVDA.HSI.IXIC.N225AUD=JPY=.SSEC.BSESNTR.SPX.DJI.DXYARM@CL.1.NSEI.AXJO@LCO.1

Keywords: australian dollar/us dollar fx spot rates&p 500 indexbusiness newsshenzhen component indexindiadow jones industrial averagedxy us dollar currency indexkospi indexshanghaiwti crude (mar'23)nasdaq compositeasia economyarm holdings plcworld marketspricesmarketsusd/jpynvidia corpice brent crude (apr'23)breaking news: asiaaustralianarendra modieconomic eventss&p/asx 200hang seng indexbreaking news: marketsnikkei 225 index

Source: https://www.cnbc.com/2024/06/05/asia-markets-live-updates.html


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