Asian Stocks Advance After US Small-Cap Rally: Markets Wrap

-- Equities in Asia rose after Wall Street closed higher, helped along by a rotation out of megacap tech and into economically sensitive shares including smaller companies.Dubai’s Allure to Expats Is Weighing on City’s Infrastructure

The moves signal a shift out of the world’s largest tech companies that have soared on the back of the artificial intelligence boom and into other stocks that benefit in benign economic conditions. Chinese President Xi Jinping has called on government officials to make every effort in the final quarter to help the country meet its annual growth target of around 5%. However, after a series of press conferences this month in which policymakers offered no details of fresh stimulus, fears are now mounting that efforts may not be enough to revive growth. The next key event is a press briefing by the housing minister on Thursday.

The S&P 500 has already set 46 closing records this year, and according to the trading desk at Goldman Sachs Group Inc., that rally is primed to extend into the final months of 2024. In commodities, West Texas Intermediate rose after falling for a fourth day Wednesday. Gold was steady after two sessions of advances. Bitcoin was little changed Thursday after rising 1.7% to touch the highest level since July on Wednesday.The Bloomberg Dollar Spot Index was little changedThe yield on 10-year Treasuries advanced two basis points to 4.03%West Texas Intermediate crude rose 0.7% to $70.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asian Stocks Advance After Tech Lifts Wall Street: Markets Wrap(Bloomberg) -- Equities in Asia climbed Wednesday after a tech rally lifted Wall Street and bets on Federal Reserve rate cuts stabilized.Most Read from...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Asian Stocks Extend Rally on China, US Sentiment: Markets Wrap(Bloomberg) -- Stocks in Asia extended gains as risk appetite across financial markets got a further boost from China’s latest stimulus measures and upbeat...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Asian Stocks Eye Early Gains After US Jobs Report: Markets Wrap(Bloomberg) -- Most Asian stocks are set to open higher in early trading after strong US jobs data underscored the health of the world’s largest economy and ...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Asian Stocks Drop, China to Reopen After Holidays: Markets Wrap(Bloomberg) -- Asian stocks declined following losses in the US, with investors focused on the reopening of Chinese markets following a weeklong holiday.Most...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Asian Stocks Poised to Fall as China Economic Worries GrowConcerns over the health of the Chinese economy are driving Asian stock markets lower on Monday, while US equity futures remain steady. Factors contributing to the bearish sentiment include government spending cuts in China, a rising youth unemployment rate, and potential new US regulations banning Chinese hardware and software from connected vehicles.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Asian stocks climb after Wall Street closes its record-setting week mixedHONG KONG (AP) — Asian stocks were mostly higher on Monday, supported by key rate decisions last week from the U.S. Federal Reserve, Japan, China and Britain...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »