Asian stocks unable to track Wall St higher, yen holds at 40-year low
- HONG KONG: Tech firms bounced back in Asia on Tuesday (Jun 30), tracking a rebound in their counterparts on Wall Street following the hefty selling of the past two weeks, while the yen held around a four-decade low against the dollar.
- With optimism that the US-Iran crisis will eventually come to an end and the Strait of Hormuz will reopen, attention has returned to central bank monetary policy and the future of the AI boom.
- The tech sector - which has led a global rally across markets and pushed several companies to record highs - has taken a pummelling of late on fears over stretched valuations
Unverified
- HONG KONG: Tech firms bounced back in Asia on Tuesday (Jun 30), tracking a rebound in their counterparts on Wall Street following the hefty selling of the past two weeks, while the yen held around a four-decade low against the dollar.
- With optimism that the US-Iran crisis will eventually come to an end and the Strait of Hormuz will reopen, attention has returned to central bank monetary policy and the future of the AI boom.
- The tech sector - which has led a global rally across markets and pushed several companies to record highs - has taken a pummelling of late on fears over stretched valuations
Sources: CNA