Business Maverick: Asian equities advance, led by China tech stocks: markets wrap

Chinese tech firms listed in Hong Kong jumped as much as 4.4% while the MSCI Asia Pacific Index headed for a third weekly gain. Goldman Sachs strategists upgraded Hong Kong stocks to market-weight on bets for a reopening of China’s economy.the amount of its short-term cash injections to the banking system, as the nation’s government bond market steadied following this week’s steep losses.

Treasury yields held gains across the curve during morning trading in Asia after the previous day’s jump when St Louis Fed president James Bullard said policymakers should increase interest rates to “The market believes that inflation is on the downtrend. We also believe that, but the fact of inflation having peaked is not a reason for the Fed to turn and cut rates,” Paul Christopher, head of global market strategy at Wells Fargo Investment Institute, said on Bloomberg Radio. “That’s the fundamental disconnect that still exists between the Fed and the market.”

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

Business Maverick: Asian stocks mixed, US yield curve flashes warning: markets wrapStocks in Asia were mixed while a closely watched section of the US yield curve remained near levels not seen in four decades – a sign of investor concern about the world’s biggest economy.
Source: dailymaverick - 🏆 3. / 84 Read more »

Business Maverick: Apple prepares to get made-in-US chips in pivot from AsiaThe company is preparing to begin sourcing chips for its devices from a plant under construction in Arizona, marking a major step toward reducing Apple’s reliance on Asian production.
Source: dailymaverick - 🏆 3. / 84 Read more »