Asian Stocks to Follow US Rebound on Optimism Over Big Tech Earnings
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#40fa53ea ver:0.47

Asian stocks are expected to track the rebound of US stocks after a $2 trillion selloff, driven by optimism over the upcoming earnings announcements of big tech companies. The S&P 500 halted its six-day rout and the Nasdaq 100 rose 1%, with Nvidia Corp. leading gains in the tech sector. Apple Inc. was named a top pick for 2024 at Bank of America Corp. Investors are waiting to see if earnings will meet the high expectations for artificial intelligence this week, with about 180 companies in the S&P 500 due to report their results. The focus on earnings comes after a market selloff fueled by geopolitical fears and signals that the Federal Reserve will not rush to cut rates. Treasuries wavered ahead of bond auctions, and oil prices fell due to easing geopolitical tensions. Gold opened steady a...

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 https://here.news/story/40fa53ea?ver=0.47