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, .SZI, NVDA, .HSI, .IXIC, .N225, AUD=, JPY=, .SSEC, .BSESNTR, .SPX, .DJI, .DXY, ARM, @CL.1, .NSEI, .AXJO, @LCO.1,
Keywords: australian dollar/us dollar fx spot rate, s&p 500 index, business news, shenzhen component index, india, dow jones industrial average, dxy us dollar currency index, kospi index, shanghai, wti crude (mar'23), nasdaq composite, asia economy, arm holdings plc, world markets, prices, markets, usd/jpy, nvidia corp, ice brent crude (apr'23), breaking news: asia, australia, narendra modi, economic events, s&p/asx 200, hang seng index, breaking news: markets, nikkei 225 index,
Source: https://www.cnbc.com/2024/06/05/asia-markets-live-updates.html