Welcome to Extreme Investor Network, where we provide you with unique insights and analysis on the stock market, trading, and everything Wall Street related. Today, we take a look at the recent movements on the Hang Seng Index, commodity markets, ASX 200, and the Nikkei Index.
The Hang Seng Index finally saw a turnaround after a four-week losing streak, rising by 1.08%. This increase was driven by upbeat data from China, stimulus hopes, and the Fed rate cut, which fueled buyer demand for real estate and tech stocks. The Hang Seng Mainland Properties Index and the Hang Seng Tech Index (HSTECH) ended the week with solid gains, with tech giants like Baidu and Tencent performing well.
Over in the commodity markets, we saw mixed results. Iron ore spot prices declined slightly, while gold faced losses in reaction to Trump’s victory. WTI Crude Oil, on the other hand, advanced due to factors like the US presidential election and Hurricane Rafael.
The ASX 200 recovered from the previous week’s losses, gaining 2.17% thanks to strong performances from the banking, mining, and tech sectors. The S&P/ASX All Technology Index jumped 5.00%, showcasing the strength of the tech stocks in the Australian market.
In Japan, the Nikkei Index rallied by 3.80% on the back of USD/JPY strength and gains in the tech sector. Export stocks benefited from the currency pair’s level, while tech stocks saw positive movements following the Fed rate cut and trends in the Nasdaq.
Looking ahead, key upcoming events like China’s inflation figures, crucial US economic data, and central bank guidance will likely impact market sentiment. Stay tuned to Extreme Investor Network for the latest updates and insights to help you effectively manage your risks in today’s dynamic market environment. Trust us to keep you informed and ahead of the curve in your investment decisions.