Asian Stocks to Fall as Yen Plunges to Fresh Low: Markets Wrap

-- Shares in Asia were set to open lower after US tech stocks fell in late trading while the yen weakened, triggering fresh speculation officials may step in to support the currency.Nvidia Rout Takes Breather as Traders Scour Charts for Support

“It’s all about the Fed. Higher for longer is keeping the front end of rates very high, drawing money into the US and keeping the dollar strong,” said Andrew Brenner, head of international fixed income at NatAlliance Securities LLC. For Japan, “it’s a problem.” “The stock market is way too reliant on big tech — period and end of story,” said David Bahnsen at The Bahnsen Group. “Whether or not the past week’s volatility in tech is the start of something deeper or if that reckoning is still forthcoming remains to be seen, but excessive investor sentiment, euphoria and overdone momentum always ends the same.”

After 7 years of working for Nvidia’s CEO Jensen Huang, the chipmaker's outgoing VP said that her boss taught her about the importance of first principles thinking, zero-billion dollar markets and speed-of-light execution.Prices for services pushed the annual rate of inflation up to 2.9 per cent in May, according to Statistics Canada.Guggenheim analyst Ronald Jewsikow started coverage of shares of electric-vehicle maker Rivian with a Buy rating and $18 price target.

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Asian Stocks to Fall as Yen Plunges to Fresh Low: Markets WrapShares in Asia were set to open lower after US tech stocks fell in late trading while the yen weakened, triggering fresh speculation officials may step in to support the currency.
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Asian Stocks Set to Fall, Yen Steady Ahead of BOJ: Markets WrapStocks in Asia are poised to fall in early Friday trading as a rally in US shares outside of AI-related names stalled. The yen was steady ahead of a Bank of Japan policy decision.
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Asian Stocks Set to Track US Lower, Yen in Focus: Markets Wrap(Bloomberg) -- Most Asian equity markets were poised to drop as US stocks fell amid signs of buyer fatigue after a rally to record highs. The yen was in...
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Asian Stocks Set to Track US Lower, Yen in Focus: Markets WrapMost Asian equity markets were poised to drop as US stocks fell amid signs of buyer fatigue after a rally to record highs. The yen was in focus ahead of inflation data that could draw a line under a six-day slump.
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Asian stocks slide, yen wobbles ahead of BOJ verdictAsian stocks fell on Friday as investors pondered the outlook for U.S. rates after the Federal Reserve tempered its rate-cut views even as inflation came in ...
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Yen Steady Ahead of BOJ, Asia Stocks Set to Fall: Markets Wrap(Bloomberg) -- Stocks in Asia are poised to fall Friday, while the yen traded in a narrow range as markets awaited the outcome of the Bank of Japan’s two-day...
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