Financial Digest

Morning Bid: Tech that - Nvidia slump sours market mood

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 28 sec. here
  • 6 min. at publisher
  • 📊 Quality Score:
  • News: 29%
  • Publisher: 63%

Consumer Price Inflation News

Asian Markets,U.S. Big Tech,Japan

The wave of profit-taking in U.S. Big Tech and AI stocks appears to be gathering momentum, which could depress investor sentiment and risk appetite in Asia...

The wave of profit-taking in U.S. Big Tech and AI stocks appears to be gathering momentum, which could depress investor sentiment and risk appetite in Asia on Tuesday even if it is offset by a rotation into cheaper, beaten down sectors.

The market tone across Asia on Tuesday could be set by the tempest brewing in tech. Nvidia shares slumped 6.7% on Monday, bringing their decline in the last three days to 16%, and weighing heavily on semiconductor and tech shares more broadly. Back in the macro world, minutes of the Bank of Japan's last meeting on Monday showed that Japanese policymakers discussed a near-term interest rate hike, with one calling for an increase "without too much delay" to help get inflation back down.Currency traders, however, seem unimpressed.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines

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

GameStop jumps, Nvidia's new chips: Morning BriefGameStop (GME) shares soared in early trading after 'Roaring Kitty,' identified as Keith Gill, posted a screenshot implying he has a $175 million stake in...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Markets today: tech hits U.S. stocks as Nvidia extends selloff to 13%Stocks lost traction as an about US$400 billion plunge in Nvidia Corp. raised speculation that the rally in the industry that has powered the bull market was due for a breather.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Tech undergoing 'continued growth story' despite Nvidia dragNvidia's (NVDA) stock slump — down by 9% over the last five trading days — dragging down tech-heavy indexes (^DJI, ^IXIC, ^GSPC) along with it. Yahoo...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Tech records, oil, Nvidia's future: Market TakeawaysTech sector funds have seen record inflows this week, according to Bank of America's Investment Strategy and EPFR, while crude oil prices (BZ=F, CL=F) are on...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »