THE MARKETS: Wall Street broke a new record – Technodrug caught on in Asia

Another record was broken on Wall Street on Monday, as a rally in tech stocks pulled the S&P 500 to new highs. It was the thirtieth time this year that the index has broken the previous record.

On Tuesday, the rise of Wall Street also affected the central stock market indices of Asia.

Japan’s Nikkei 225 index was up 0.8 percent at the time of the review, as was South Korea’s Kospi index. Mainland China’s CSI 300 index was up 0.1 percent. However, Hong Kong’s Hang Seng was down 0.3 percent.

Wall Street’s tech stocks were primarily seen in the prices of Asian semiconductor manufacturers. Among other things, Korean SK Hynix hit a record high on Tuesday.

Macro data available

On Monday, the Central Bank of Australia kept its key interest rate unchanged, i.e. at the highest level in 12 years. It was the Fifth consecutive meeting of the Reserve Bank of Australia without an interest rate change.

Interest rate decisions are also expected in Europe this week, when the central banks of England and Norway meet on Thursday.

Regarding the outlook of the European Central Bank, the final consumer price index for the euro area for May, which will be published later on Tuesday, will be followed.

On the other hand, several macroeconomic indicators are expected from the United States, including the development of retail sales and industrial production in May.

The futures of the stock market indices predict mostly upward openings for the European stock exchanges. From the Wall Street index, the S&P 500 and Nasdaq 100 futures are slightly in the red after a strong day of growth.

By Editor

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