EWT News
US Vs Asia Stocks: China Outpaces Peers As Support Measures Stabilize Markets Amid Midterms-Led Tech Selloff
U.S. benchmark indexes and Chinese and Japanese stocks are poised to end the week higher, while South Korean and Taiwanese stocks are eyeing the red territory.
US Vs Asia Stocks: China Outpaces Peers As Support Measures Stabilize Markets Amid Midterms-Led Tech Selloff
U.S. benchmark indexes and Chinese and Japanese stocks are poised to end the week higher, while South Korean and Taiwanese stocks are eyeing the red territory.
The SPDR S&P 500 ETF Trust and the SPDR Dow Jones Industrial Average ETF are headed about 1% and 3% higher, respectively, in October.
The S&P 500 and Dow Jones Industrial Average are headed for marginal gains this week, even as South Korea, Japan, and Taiwan are poised to end lower.
An artificial intelligence boom, varied macroeconomic policies, and a volatile foreign exchange market have contributed to gains in markets outside the U.S.
The Invesco QQQ Trust, which tracks the Nasdaq, has posted the lowest decline amongst its peers so far this week, bolstered in part by the resilience of major technology stocks and continued strength in the AI sector.
The tech-heavy Nasdaq index surged past its American and Asian counterparts as AI stayed in focus this week.
The Nasdaq index in the U.S. is set to post weekly gains, while the Dow and S&P 500, along with Asian markets including China, Japan, Taiwan, and South Korea, are on track to end the week in the red.
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