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Global shares rose on Tuesday, driven by a recovery on Wall Street, where investors are focused on earnings reports from the U.S. megacaps, and the yen tumbled to multi-year lows against the dollar...
MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.5%, helped by a 1% jump in Taiwanese shares and a 0.8% advance in Hong Kong's Hang Seng index.
Asian shares extended gains on Tuesday, taking cues from Wall Street as focus shifts to earnings results from U.S. tech giants in the week, while a still strong dollar pressured the Japanese yen to fresh 34-year lows. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.5%, helped by a 1% jump in Taiwanese shares and a 0.8% advance in Hong Kong's Hang Seng index. The Asian index rose 1% the day before on easing fears of a major escalation in the Middle East conflict, recovering some of the 3.7% losses last week.
UBS cut its rating on what it calls the Big Six — that’s the Magnificent Seven minus struggling Tesla — to neutral from overweight.
By Roshan Abraham and Siddarth S (Reuters) - Profit growth momentum of the so-called Big Six technology stocks could "collapse" over the next few quarters, UBS Global Research strategists said on Monday, downgrading its rating on the mega-cap compa...