Asian Stocks Set to Slide as Nvidia Disappoints: Markets Wrap

-- Stocks in Asia slipped as Nvidia Corp. earnings lacked the wow factor to impress investors, while Chinese results helped extend a selloff in the country’s tech companies.MSCI’s Asia-Pacific gauge declined 0.5%, dragged by chipmakers Taiwan Semiconductor Manufacturing Co. and SK Hynix Inc. A gauge of Chinese tech stocks fell more than 2% in Hong Kong. Nvidia slumped more than 8% in post-market trading following a sales forecast that disappointed some on Wall Street.

Treasury 10-year yields steadied after rising one basis point to 3.84% in the previous session. The dollar edged lower after gaining broadly amid speculation investors were buying the US currency for portfolio re-balancing. The New Zealand dollar strengthened after the country’s business confidence jumped to a 10-year high.

Later Thursday, investors will shift focus to key US data including a growth reading, personal consumption and weekly jobless claims to help firm bets the Federal Reserve will quickly ease policy this year. Fed Bank of Atlanta President Raphael Bostic said it “may be time to cut” but he’s still looking for additional data to support lowering interest rates next month.

The week before Minnesota Gov. Tim Walz was picked by Democratic presidential nominee Kamala Harris to be her running mate, he visited Vikings training camp and made a glowing 11-win prediction for his favorite team in that other fall season that will dominate American attention this year.

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

Asian Chip Stocks Decline as Nvidia’s Outlook Damps AI Frenzy(Bloomberg) -- Asian semiconductor stocks slipped as a less-than-outstanding outlook from key chipmaker Nvidia Corp. chilled investor sentiment on the...
Fonte: YahooFinanceCA - 🏆 47. / 63 Leggi di più »

Asian Stocks to Slip as US Holds Breath for Nvidia: Markets Wrap(Bloomberg) -- Stocks in Asia are set to edge lower after a sluggish day on Wall Street, as traders look to Nvidia Corp.’s results for clues on whether the...
Fonte: YahooFinanceCA - 🏆 47. / 63 Leggi di più »

Asian Stocks Set to Fall as Tech Drags Wall Street: Markets Wrap(Bloomberg) -- Asian equities are poised to come under pressure Tuesday after technology stocks dragged down Wall Street as traders repositioned ahead of...
Fonte: YahooFinanceCA - 🏆 47. / 63 Leggi di più »

Asian benchmarks mostly decline as markets await Nvidia earningsTOKYO (AP) — Asian shares were mostly lower Wednesday, despite a record high on Wall Street, as investors awaited a closely watched earnings report from...
Fonte: YahooFinanceCA - 🏆 47. / 63 Leggi di più »

Nvidia's forecast dampens AI enthusiasm in other tech stocksNvidia dropped 6% and lost over $180 billion in stock market value following its earnings report, this week's centerpiece event on Wall Street, while a...
Fonte: YahooFinanceCA - 🏆 47. / 63 Leggi di più »

Nasdaq, stocks fall ahead of Nvidia earnings: Market CloseUS stocks (^DJI, ^IXIC, ^GSPC) close Wednesday in negative territory, the tech-heavy Nasdaq Composite dropping by 1.12% just before Nvidia (NVDA) is due to...
Fonte: YahooFinanceCA - 🏆 47. / 63 Leggi di più »