Tech stocks may take a beating today, says brokerage

📆 19/10/2023 04:18:00
📰 fmtoday

⏱ Reading Time:
28 sec. here
2 min. at publisher
📊 Quality Score:
News: 14%
Publisher: 72%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

Investors may shift focus towards defensive sectors such as telecommunications, utilities, and REITs.

KUALA LUMPUR: Bursa Malaysia opened lower today, tracking Wall Street’s downtrend overnight, while the US Treasury yield hit a fresh 16-year high amidst ongoing tension in the Middle East, dealers said.

“We believe that stocks on the local front may track the negative trading environment on Wall Street overnight, and profit-taking may persist,” it said in a note. “Given the weaker market conditions from Wall Street coupled with the softer result from Tesla, the technology sector may take a beating today.

Of the actives, newly-listed Parlo warrant gained 3 sen to 4.5 sen, Tanco warrant and Mestron warrant edged up 0.5 sen to 26 sen and 20.5 sen, respectively, Sealink rose 1.5 sen to 24.5 sen, while Tanco eased 0.5 sen to 57 sen.

Écrire un Commentaire

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Wall Street falls more than 1%, investors assess earningsNEW YORK: US stocks ended sharply lower on Wednesday (Oct 18), with the S&P 500 and Nasdaq falling more than 1% each, as Treasury yields rose again an...
La source: theSundaily - 🏆 25. / 51 Lire la suite »