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2020-08-18 08:46 | Report Abuse
NEW YORK, Aug 17 (Reuters) - Asian equities were poised to track Wall Street's tech fueled rally on Tuesday that saw the Nasdaq benchmark hit a fresh record while oil prices perked up on Chinese demand and hopes Sino-U.S. trade tensions were easing.
Technology stocks continued their recent rally as investors see them as a firm beneficiary of coronavirus lockdowns, which have fueled demand for products and services that enable people to work from home.
"We saw some strength in tech again with semiconductors driving the boat," said Thomas Hayes, chairman at Great Hill Capital. "We continue to see this push between growth and tech, between cyclical and value stocks. It's a back-and-forth thing."
Australian S&P/ASX 200 futures YAPcm1 rose 0.52%, while Hong Kong's Hang Seng index futures HSI HSIc1 rose 0.56%.
On Wall Street, Nvidia Corp NVDA was among the top boosts to the S&P 500 and Nasdaq for the day, surging 6.7% to a record high after analysts raised their price targets ahead of the chipmaker's quarterly results on Wednesday.
2020-08-18 08:44 | Report Abuse
NEW YORK, Aug 17 (Reuters) - Asian equities were poised to track Wall Street's tech fueled rally on Tuesday that saw the Nasdaq benchmark hit a fresh record while oil prices perked up on Chinese demand and hopes Sino-U.S. trade tensions were easing.
Technology stocks continued their recent rally as investors see them as a firm beneficiary of coronavirus lockdowns, which have fueled demand for products and services that enable people to work from home.
"We saw some strength in tech again with semiconductors driving the boat," said Thomas Hayes, chairman at Great Hill Capital. "We continue to see this push between growth and tech, between cyclical and value stocks. It's a back-and-forth thing."
Australian S&P/ASX 200 futures YAPcm1 rose 0.52%, while Hong Kong's Hang Seng index futures HSI HSIc1 rose 0.56%.
On Wall Street, Nvidia Corp NVDA was among the top boosts to the S&P 500 and Nasdaq for the day, surging 6.7% to a record high after analysts raised their price targets ahead of the chipmaker's quarterly results on Wednesday.
Stock: [MTOUCHE]: MTOUCHE TECHNOLOGY BHD
2020-08-18 17:20 | Report Abuse
Yesss closing price @0.090 today higher than yesterday and tomorrow can fly..