Asian Shares Decline Amid Tech Selloff

Written by Emily J. Thompson, Senior Investment Analyst

Source: Business Insider

Updated: Oct 16 2024

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Source: Business Insider

Market Reactions: Asian stocks fell broadly due to ongoing Middle East tensions, shifting U.S. rate cut expectations, and concerns over semiconductor demand, particularly after ASML's warning. The dollar remained strong amid rising political expectations in the U.S.
Sector Performance: Japanese markets experienced significant declines following comments on monetary policy normalization, while tech stocks in the region suffered losses. In contrast, gold prices increased, and oil prices recovered slightly after a previous drop.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

Asian Shares Decline Amid Tech Selloff

About the author

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