Asia Stocks to Fall as Nvidia Caps Sluggish US Day: Markets Wrap

Asia stocks are expected to fall due to a sluggish day in the US market, with Nvidia capping the losses. In Zambia, the kwacha is slumping and inflation is rising, setting the stage for a rate hike. Italy's Meloni is enjoying schadenfreude over Germany's fiscal fiasco. A stock that crashed 95% due to Xi's edtech crackdown is now making a comeback. Jefferies has hired former Credit Suisse bankers for its Asia private credit division.

AllianceBernstein is promoting high-yield returns despite the increase in defaults. China is allowing a limited amount of critical minerals exports before implementing graphite curbs. A top Japanese bank is establishing a startup fund as government policies attract lenders. Milei predicts that Argentina will undergo a 'shock' fiscal therapy in 2024. The top 1% of tax filers in Canada saw a nearly 10% increase in incomes in 2021. Ottawa has extended the deadline for the underused housing tax. Surveys show that women are less likely than men to request a raise or negotiate their salary. Many Canadians are facing financial stress and are close to being broke. Canadian tech workers earn 46% less than their US counterparts

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Asia Stocks to Fall as Nvidia Caps Sluggish US Day: Markets WrapAsia stocks are expected to decline due to Nvidia's impact on the sluggish US market. Echo Street will return outside capital to investors in funds. AllianceBernstein promotes high-yield returns despite rising defaults. China allows limited exports of critical minerals before graphite restrictions. A top Japanese bank establishes a startup fund to attract lenders. Milei predicts Argentina will undergo 'shock' fiscal therapy in 2024. Hedge funds imitate Citadel's fee model to compete for top Asia traders. WeWork landlords resist rent negotiations. Australia strengthens cybersecurity after a port cyberattack. The top 1% of tax filers in Canada experienced a nearly 10% increase in income in 2021. Ottawa extends the deadline for the underused housing tax. Surveys show that women are less likely than men to ask for a raise or negotiate their salary. Many Canadians are financially strained and face personal finance stress. Canadian tech workers earn 46% less than their US counterparts.
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S&P/TSX composite down as tech stocks fall, U.S. stock markets also lowerWeakness in technology stocks helped lead Canada's main stock index lower in late-morning trading, while U.S. stock markets also moved lower.
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