Global stock markets started the week with declines, influenced by a stronger-than-expected U.S. jobs report from the previous Friday. The report reduced expectations for Federal Reserve interest rate cuts, leading to higher bond yields and lower risk appetite globally. In Sweden, the Stockholm Stock Exchange (OMXSPI) fell 0.7%, while the OMXS30 index declined 0.4%. Ericsson was the biggest drag on the Swedish market, dropping 3%, while Sobi and Embracer saw gains of 3% and over 8%, respectively, due to positive earnings guidance and upgraded recommendations. Nibe rose 3.5% following positive investor meetings, and SBB climbed 3.8% after legal proceedings against the company were withdrawn. Asian markets opened mixed on Tuesday, with Japan's Nikkei 225 falling 0.73% after reopening from a holiday, while South Korea's Kospi rose 0.4%. Hang Seng futures indicated slight gains. European markets also showed mixed performance as investors reacted to global trends. Commodities such as oil and iron ore saw price increases, adding complexity to market movements.
#Asian Markets Asian markets traded mixed on Tuesday tracking a similar trend overnight on Wall Street. Japan’s Nikkei 225 fell 0.73% and the Topix dropped 0.34%. South Korea’s Kospi rose 0.4%, while the Kosdaq declined 0.62%. Hong Kong’s Hang Seng index futures indicated a…
Asia-Pac stocks begin mixed following the similar performance stateside where price action was choppy as most indices attempted to nurse post-NFP losses although the Nasdaq remained pressured, while Nikkei 225 lags on reopen from the long weekend: ASX 200 (+0.5%), Nikkei 225…
Asia markets set to open mixed, tracking Wall Street moves that saw investors rotate out of tech https://t.co/9SQ6A9cK1Q