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Nasdaq 100 Rebounds with Falling USD. Will Hang Seng, ASX 200 Follow?


Nasdaq 100 Rebounds with Falling USD. Will Hang Seng, ASX 200 Follow?
NASDAQ 100, HANG SENG, ASX 200, ASIA-PACIFIC MARKET OUTLOOK:
US equity indexes had a whipsaw session and closed marginally higher; small-tech outperformed
Hang Seng Index surged to a 12-month high with financial and telco giants leading the gains
Falling USD and yields underpinned commodity prices, WTI crude oil hit US$ 53.3
USD, Hang Seng, Nasdaq 100, ASX 200, Asia-Pacific Stocks at Open:
The US Dollar retreated from a two-week high and the Treasury yieldcurve flattened slightly overnight, offering a relief rebound to stock markets. All three major US indices ended slightly higher after a choppy session, and small-cap tech stocks enjoyed a decent rally. The Russell 2000 index jumped 1.77% to a fresh record high. ....

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Nasdaq 100 Rally Inspires Hang Seng, ASX 200 Index to Trade Higher


Nasdaq 100 Rally Inspires Hang Seng, ASX 200 Index to Trade Higher
NASDAQ 100, HANG SENG, ASX 200, ASIA-PACIFIC MARKET OUTLOOK:
US equities extended gains as reflation trade carried on, tech outperformed
Alibaba, Tencent under pressure in the wake of US blacklist threat; three telcos fell on NYSE’s U-turn
US nonfarm payrolls in focus; Bitcoin prices hit 40k before pulling back slightly
Tech-rally, Hang Seng Index, Bitcoin, Asia-Pacific Stocks at Open:
The Dow Jones and S&P 500 index closed at all-time highs on Thursday as the reflation trade carried on after Democrats won two critical seats in Georgia’s Senate runoff elections. A ‘Blue Wave’ outcome means that the Biden administration will take control of both Congress and the White House, which will help to enact their legislative priorities including fiscal and infrastructure spending. The tech-led Nasdaq 100 index soared 2.51%, led by Tesla (+7.9%), Nvidia (+5.78%), PayPal (+3.62%) and Apple (+3 ....

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