- Reuters
Stocks hit by tech slump; yen flails at intervention zone
Asian stocks fell on Thursday as disappointing earnings forecasts from Facebook parent Meta Platforms hammered tech shares, while the yen's slump past 155 per dollar for the first time since 1990 raised the spectre of intervention from Tokyo. The predictable hit to Asian tech stocks took MSCI's broadest index of Asia-Pacific shares outside Japan down 0.7%. Japan's Nikkei slid 1.3%, while China stocks also fell, with the blue-chip CSI300 index down 0.3% and Hong Kong's Hang Seng Index 0.5% lower.
- Reuters
GLOBAL MARKETS-Stocks hit by tech slump; yen flails at intervention zone
Asian stocks fell on Thursday as disappointing earnings forecasts from Facebook parent Meta Platforms hammered tech shares, while the yen's slump past 155 per dollar for the first time since 1990 raised the spectre of intervention from Tokyo. The predictable hit to Asian tech stocks took MSCI's broadest index of Asia-Pacific shares outside Japan down 0.7%. Japan's Nikkei slid 1.3%, while China stocks also fell, with the blue-chip CSI300 index down 0.3% and Hong Kong's Hang Seng Index 0.5% lower.
- Barrons.com
Asian Markets Rally As Tesla Lifts the Mood
Asian markets had a good day Wednesday, building on Wall Street’s optimism in the previous session and after hours. Hong Kong’s Hang Seng Index jumped 2.2%, extending its winning streak to three days.
