Asian stocks rise as tech rallies on easing Fed fears; China lags

Investing.com-- Most Asian stocks rose on Thursday, buoyed by a rally in the technology sector as somewhat middling comments from the Federal Reserve spurred bets that the central bank was done with its run of interest rate hikes.

But Chinese stocks saw little gains, as a string of weak economic readings from the country kept traders largely averse., comments from Chair Jerome Powell suggested that interest rates may not rise further this year, especially as the U.S. economy cools. This saw U.S. Treasury yields fall sharply in overnight trade, in turn boosting technology stocks.U.S.

Powell still left the door open for more potential hikes, but reiterated that they will be contingent on the path of the U.S. economy. Given that his comments came a few hours after the release of weaker-than-expectedHigher rates weigh on tech stocks by diminishing their future earnings potential. This trend had battered the sector as the Fed hiked rates sharply over the past year.But despite Thursday’s rally, most Asian markets were still nursing steep losses for October.

{username} Just Now Share Follow this postUnfollow this post Save Saved. See Saved Items . This comment has already been saved in your Saved Items Author's response{commentContent} Reply 00 Report {username} Just NowAuthor's response Share Follow this postUnfollow this post Save Saved. See Saved Items .

مصر أحدث الأخبار, مصر عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Asian stocks dip on weak China PMIs; BOJ, Fed loom over marketsAsian stocks dip on weak China PMIs; BOJ, Fed loom over markets
مصدر: Investingcom - 🏆 450. / 53 اقرأ أكثر »

Asian stocks muted amid Fed, China jitters; Nikkei soars after BOJAsian stocks muted amid Fed, China jitters; Nikkei soars after BOJ
مصدر: Investingcom - 🏆 450. / 53 اقرأ أكثر »

Stock market today: Asian shares track Wall Street gains ahead of Fed decision on interest ratesAsian shares are mostly higher after Wall Street advanced to claim back some of the ground it gave up in another losing month. Tokyo's benchmark jumped 2.4%. Investors are awaiting a decision by the Federal Reserve Wednesday on interest rates. On Tuesday, the S&P 500 rose 0.6%, though it fell 2.2% in the month of October.
مصدر: AP - 🏆 728. / 51 اقرأ أكثر »

Asian stocks stutter ahead of Fed, frail yen in focusAsian stocks stutter ahead of Fed, frail yen in focus
مصدر: Investingcom - 🏆 450. / 53 اقرأ أكثر »

Asian stocks trade mixed, Japan’s Nikkei leads gains ahead of Fed rate decisionAsian stock markets trade in a flat-to-low range on Wednesday as investors turn to a cautious mood ahead of the Federal Open Market Committee (FOMC) policy meeting on Wednesday.
مصدر: FXStreetNews - 🏆 14. / 72 اقرأ أكثر »