Asian stocks rise as tech strength helps offset US rate fears

Most Asian stocks rose on Tuesday, buoyed by a recovery in technology stocks ahead of key earnings from Nvidia Corp (NASDAQ:NVDA), although concerns over rising U.S. interest rates and slowing Chinese growth held back bigger gains. 

While Wall Street indexes ended lower overnight, the technology sector saw strong gains ahead of closely-watched earnings from Nvidia on Wednesday. Anticipation of the Nvidia results also spurred positioning in stocks exposed to the world’s most valuable chipmaker. 

Focus this week will largely be on whether the chipmaker benefited as forecast from an artificial intelligence boom- a trend that is likely to benefit Asian chip stocks that supply to the firm.

Fidelity Asian Values Plc (LON:FAS) provides shareholders with a differentiated equity exposure to Asian Markets. Asia is the world’s fastest-growing economic region and the trust looks to capitalise on this by finding good businesses, run by good people and buying them at a good price.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
Twitter
LinkedIn
Fidelity Asian Values

More articles like this

Fidelity Asian Values

Asian stocks rise on optimism of Fed rate cuts

Asian stocks eked out gains on Tuesday, following Wall Street’s advance on optimism the Federal Reserve will start cutting interest rates this year. The yen dropped.  A gauge of regional equities is set for its longest

Fidelity Asian Values

Asian stocks rise as tech tracks bumper US earnings

Most Asian stocks rose on Friday, buoyed by gains in the technology sector as investors cheered strong earnings from Microsoft and Alphabet, although anticipation of more cues on interest rates kept sentiment in check.  Japanese stocks

Fidelity Asian Values

Asian stocks rise on optimism of potential US rate cuts

Most Asian stocks rose on Thursday, driven by optimism about potential U.S. interest rate cuts, even as the timing of the move remained uncertain, while regional currencies were little changed. South Korean .KS11 and Indonesian .JKSEstocks advanced 1.3%and 0.8%,

Fidelity Asian Values

Asian stock markets rise as dollar strengthens

Asian stock markets witnessed an uptick on Tuesday, while the dollar gained strength, keeping the yen near the critical 152-per-dollar mark that has sparked concerns about potential intervention. The shift in market dynamics was driven by

Fidelity Asian Values

Emerging Asia equities rise as Singapore leads gains

Most equities in emerging Asia rose on Tuesday with shares in Singapore clocking solid gains, while currencies traded largely steady after U.S. Federal Reserve policymakers signalled three rate cuts this year although the timing remained uncertain.

Fidelity Asian Values

Asian stocks gain on strong China production data

Asian stocks gained on Monday after China posted stronger-than-expected industrial production data in an uneven recovery for the world’s second-largest economy. Investors also have their eyes on a Bank of Japan decision on Tuesday, with policymakers