Global market update: APAC shares mixed, Nvidia's rally powers fresh records

June 19, 2024 11:24 AM AEST | By Investing
 Global market update: APAC shares mixed, Nvidia's rally powers fresh records

Investing.com - Shares in the Asia-Pacific region opened mixed on Wednesday, following another record-breaking session for US tech shares, which propelled the Nasdaq and S&P 500 to new heights.

By 11:25 am AEST (1:25 am GMT) the S&P/ASX 200 eased by 0.1%, while South Korea's KOSPI 200 and Japan's Nikkei 225 gained of 0.9% and 0.5%, respectively.

In the US, the broader S&P 500 rose 0.3%, while the NASDAQ Composite finished slightly higher. The Dow Jones Industrial Average saw a modest increase of 0.1%, or 57 points.

⚠️Stay up to date with the latest company news using InvestingPro! CLICK HERE to unlock access to AI-powered ProPicks, ProTips, and more!⚠️

Investors are closely monitoring data about the US economy, which is currently grappling with slowly moderating inflation and still-high interest rates. Fresh reports provided mixed signals on Tuesday, with May retail sales rising less than expected while manufacturing production exceeded expectations.

NVIDIA Corporation (NASDAQ:NVDA) led Tuesday's market with a 3.5% gain, surpassing Microsoft Corporation (NASDAQ:MSFT)as the most valuable listed US company for the first time. The market now values the maker of artificial-intelligence chips at $3.34 trillion.

In commodities, Brent crude oil was up 1.3% to US$84.41 a barrel, while gold was flat at US$2,329.10.

In terms of the bond market, the yield for US Treasury notes fell, with the 2 Year yield at 4.71% and the 10 Year yield at 4.22%.

In China, shares ended higher, led by software-related stocks. The benchmark Shanghai Composite Index rose 0.5% to 3,030.25. Meanwhile, Hong Kong's Hang Seng Index closed 0.1% lower at 17,915.55.

Japan's Nikkei Stock Average closed 1.0% higher at 38,482.11, led by electronics and technology stocks. India's Sensex closed 0.4% higher at 77,301.14, led by bank stocks.

In Europe, stocks in the U.K. ended higher on Tuesday, as the FTSE 100 Index rose 0.6% to 8,191.29. In mainland Europe, shares closed higher, with the STOXX Europe 600 Index up 0.7% to 515.01, Germany's DAX adding 0.4% to 18,131.97, and France's CAC 40 gaining 0.8% to 7,628.80

This article first appeared in Investing.com


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (“Kalkine Media, we or us”), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary.
The content published on Kalkine Media also includes feeds sourced from third-party providers. Kalkine does not assert any ownership rights over the content provided by these third-party sources. The inclusion of such feeds on the Website is for informational purposes only. Kalkine does not guarantee the accuracy, completeness, or reliability of the content obtained from third-party feeds. Furthermore, Kalkine Media shall not be held liable for any errors, omissions, or inaccuracies in the content obtained from third-party feeds, nor for any damages or losses arising from the use of such content.
Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyrighted to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have made reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.
This disclaimer is subject to change without notice. Users are advised to review this disclaimer periodically for any updates or modifications.


AU_advertise

Advertise your brand on Kalkine Media

Sponsored Articles


Investing Ideas

Previous Next
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.