11/01/2024
Today’s Announcements & News
Asia
In Asia-Pacific markets on Wednesday, Japan’s Nikkei 225 surged 2.01%, crossing the 34,000 mark for the first time since March 1990 and closing at 34,441.72. The broader Topix also gained 1.3%, reaching levels not seen in more than 30 years. Australia’s S&P/ASX 200 fell 0.69% to close at 7,468.50, South Korea’s Kospi slipped 0.75% to 2,541.98, and the Kosdaq tumbled 1.04% to 875.46. Hong Kong’s Hang Seng index dropped 0.49%, while China’s CSI 300 lost 0.47%, closing at 3,277.13, its lowest level since Jan. 31, 2019.
US
Stocks traded higher on Wednesday, with the S&P 500 rising 0.3%, the Dow Jones Industrial Average gaining about 0.3%, and the Nasdaq Composite advancing 0.5%. Intuitive Surgical and Lennar led the broader market higher, with gains of more than 10% and 3%, respectively. Intuitive Surgical raised its procedure growth outlook for fiscal year 2024, and Lennar announced an increase to its annual dividend. Investors were also awaiting the release of fresh U.S. inflation data and earnings.
Commodity
Oil prices dropped nearly a dollar a barrel on Wednesday following a surprise increase in U.S. crude stockpiles, raising concerns about demand in the largest oil market. U.S. West Texas Intermediate crude futures fell 1.2% to $71.37 a barrel, while Brent crude oil futures settled 1% lower at $76.80 a barrel. Meanwhile, gold stabilized as traders awaited U.S. inflation data, with a softer dollar providing support. Spot gold remained steady at $2,028.39 per ounce, and U.S. gold futures also held steady at $2,033.30 per ounce.
The above analysis is only for the views of market researchers and is for reference only and is not regarded as a specific investment suggestion.
