27/08/2024 Daily Reports
Asian stocks ended a three-day winning streak, with technology shares leading the decline as investors focused on corporate earnings and the upcoming Nvidia results.
The MSCI Asia Pacific Index fell 0.4%, with notable losses in Hong Kong, mainland China, and South Korea.
Concerns over Chinese consumption stocks, highlighted by a significant drop in PDD Holdings, contributed to the negative sentiment.
Meanwhile, the anticipation of US interest rate cuts in September kept markets cautious.
Japanese shares bucked the trend, posting modest gains, while US futures remained steady.
Investors continue to monitor economic data and corporate earnings for further trading cues.
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Asian stocks ended a three-day winning streak, with technology shares leading the decline as investors focused on corporate earnings and the upcoming Nvidia results.
The MSCI Asia Pacific Index fell 0.4%, with notable losses in Hong Kong, mainland China, and South Korea.
Concerns over Chinese consumption stocks, highlighted by a significant drop in PDD Holdings, contributed to the negative sentiment.
Meanwhile, the anticipation of US interest rate cuts in September kept markets cautious.
Japanese shares bucked the trend, posting modest gains, while US futures remained steady.
Investors continue to monitor economic data and corporate earnings for further trading cues.
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