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DeepNewz, mobile.
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President Joe Biden's withdrawal from the 2024 presidential race has impacted market sentiment, particularly in Asia, where stocks are expected to decline. Following last Friday's selling pressure on Wall Street due to a global IT outage, Asian markets opened the week subdued. The ASX 200 index is down 0.4%, the Nikkei 225 has fallen by 0.5%, and the KOSPI is down 0.1%. Investors are also focused on upcoming inflation and GDP data, alongside a busy week of corporate earnings that will test the high valuations of technology stocks.
Asia stocks wary; Wall St unfazed as Biden bows out https://t.co/PCg1DBOwyp
🔵 ASIA STOCKS WARY; WALL ST UNFAZED AS BIDEN BOWS OUT Asian shares tread cautiously on Monday ahead of a packed week of corporate earnings that should test the sky-high valuations of tech stocks, while investors hope a key reading in U.S. inflation will narrow the odds on a… https://t.co/6OtmcaVNXI
Asia-Pac stocks begin the week subdued after last Friday's selling pressure on Wall St amid the global IT outage, while markets also reflect on President Biden's decision to bow out of the election race: ASX 200 (-0.4%), Nikkei 225 (-0.5%), KOSPI (-0.1%)
