Tech Geek on Nostr: A look at the day ahead in European and global markets [Kevin Buckland] ...
A look at the day ahead in European and global markets [Kevin Buckland]
Some payback may be coming for European stocks on Tuesday, following the gains that kicked off the week. Look for tech to take an outsized hit, after Nvidia's slump led a sell-off for the high-flying chip sector on Wall Street.
To recap, the S&P 500 lost 0.3% on Monday, versus a more than 1% drop for the Nasdaq with the SOX semiconductor index sliding more than 3%. But tech's loss has been value's gain, exemplified by the 0.7% rise in the Dow. That rotation has been the theme in Asia overnight.
AI darlings on Japan's Nikkei 225 like SoftBank Group are pulling back from highs, while cash pours back into beaten-down Toyota Motor. The positive news for equity investors is that overall, Asia-Pacific stock indexes are higher. Only tech-heavy Taiwan is underwater among the major benchmarks. And while the Nikkei is up only half a percent, the broader Topix has rallied nearly 1.5%. [Continue reading....]
Published at
2024-06-25 07:29:22Event JSON
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"content": "A look at the day ahead in European and global markets [Kevin Buckland]\n https://yakihonne.s3.ap-east-1.amazonaws.com/ad6a909b8dfd6e278f94881d83dbd5ad5f9260c7502175059b29042e589fb93c/files/1719293323247-YAKIHONNES3.jpg https://yakihonne.s3.ap-east-1.amazonaws.com/ad6a909b8dfd6e278f94881d83dbd5ad5f9260c7502175059b29042e589fb93c/files/1718362658050-YAKIHONNES3.jpg \n\nSome payback may be coming for European stocks on Tuesday, following the gains that kicked off the week. Look for tech to take an outsized hit, after Nvidia's slump led a sell-off for the high-flying chip sector on Wall Street.\n\nTo recap, the S\u0026P 500 lost 0.3% on Monday, versus a more than 1% drop for the Nasdaq with the SOX semiconductor index sliding more than 3%. But tech's loss has been value's gain, exemplified by the 0.7% rise in the Dow. That rotation has been the theme in Asia overnight. \n\nAI darlings on Japan's Nikkei 225 like SoftBank Group are pulling back from highs, while cash pours back into beaten-down Toyota Motor. The positive news for equity investors is that overall, Asia-Pacific stock indexes are higher. Only tech-heavy Taiwan is underwater among the major benchmarks. And while the Nikkei is up only half a percent, the broader Topix has rallied nearly 1.5%. [Continue reading....]\n\n",
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