semiconductor technology. Chinese stocks also fell today on weak holiday spending as tourism revenue declined -26% to 287 billion yuan ($40.3 billion) over the Golden Week holiday from a year ago. of new restrictions on China’s access to U.S.
Shares of Chinese chip and electronics makers tumbled today to lead the overall market lower following last Friday’s announcement from the U.S. Japan is closed today for the Health Sports Day holiday.Ĭhina’s Shanghai Composite tumbled to a 5-month low today after reopening from the week-long Golden Week holidays. China’s Shanghai Composite closed down -1.66%, and Hong Kong’s Hang Seng Index closed down -2.95%. However, strength in bank stocks today limits losses in the overall market as Credit Suisse Group AG rose for the third day today after Bloomberg News reported that its securitized products group unit had drawn interest from bidders, including Pimco and Centerbridge.ĮCB Governing Council member Knot said he sees "at least two significant rate hikes" at the next two ECB policy meetings before the ECB can begin shrinking its balance sheet.Įurozone Oct Sentix investor confidence fell -6.5 to a 2-1/4 year low of -38.3, weaker than expectations of -34.7.Īsian markets today closed lower. Higher interest rates today are also weighing on stocks as the 10-year German bund yield climbed to a 1-week high of 2.230%. Weak economic news today is also weighing on stocks after the Eurozone Oct Sentix investor confidence fell -6.5 to a 2-1/4 year low of -38.3. imposed fresh restrictions on China’s access to U.S. Losses in chipmakers today are weighing on the overall market after the U.S. The Euro Stoxx 50 today is down by -0.11%. chips used in artificial intelligence and supercomputing and tighter rules on the sale of semiconductor equipment to any Chinese company.
The restrictions include the export of U.S. Commerce Department Friday imposed fresh curbs on China's access to American technology. Global semiconductor stocks are falling today after the U.S. Overall trading activity may be muted today, with the cash government bond market closed for Columbus Day. Also, automakers are under pressure in pre-market trading after UBS downgraded Ford and General Motors. December S&P 500 futures ( ESZ22) this morning are up +0.32% even though we are seeing a slide in chip stocks in pre-market trading after the U.S.
0 kommentar(er)
