Equities advanced in Asia following a rally on Wall Street, with gains in Hong Kong-listed technology stocks amid speculation that China’s regulatory crackdown on the sector may be closer to ending. An index of Asian shares rose, with Australian and South Korean equities adding to the updraft after the S&P 500 closed at its highest level since mid September. Sentiment was bolstered by comments from Federal Reserve officials that signaled a willingness to slow rate hikes, and by upbeat earnings from Best Buy Co. and Abercrombie & Fitch Co. Hong Kong tech shares seesawed before consolidating their advance as investors weighed the implications of a report that Ant Group Co. faces a fine of more than $1 billion from China’s central bank. The news triggered speculation that this could mark a potential end point of the government’s clampdown on tech and may allow Alibaba Group Holding Ltd. to rekindle efforts to list Ant shares. The dollar gauge was little changed. The dollar gauge was little changed. The dollar gauge was little changed. US After Hours Summary: ADSK -8.8% falls on earnings, lowers FY23 billings guidance; JWN -8.7%, GES -5.9% also lower on earnings; HPQ +1% a bit higher on earnings and dividend boost, but also reducing headcount.
Nikkei +0.61% Hang Seng +0.82% CSI +0.11% Shanghai +0.24% Shenzen -0.39%
Eur$ 1.0325 CNH 7.1560 CNY 7.1533 JPY 141.38 GBP 1.1888 CHF 0.9507 RUB 60.7850 TRY 18.6174 WTI$ 80.81 Gold 1,737 BTC 16,450 +1.98% ETH 1,160 +2.55%
S&P -0.03% Nasdaq -0.13% Eurstoxx +0.25% FTSE +0.19% Dax +0.17% SMI -0.01%
Macro :
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- FTX Says It Has Received Interest for Its Assets
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