Global Market Quick Take: Asia – February 23, 2024
From home.saxo
Nvidia rose 16%, bringing AI mania back in focus and pushing broader US indices to all-time highs. US exceptionalism was also boosted further by strong PMIs and lower jobless claims, which supported the dollar. Markets traded with a broad risk-on tone, and extension of China momentum also helped. In FX, yen and Swiss franc were the underperformers with global risk barometer cross AUDJPY rising to a decade-high. Copper prices also reflecting China and global momentum, although Gold remained resilient. US Equities: Nvidia is the name of the game in town. The chip giant which underpins the AI revolution soared 16.4% and ...
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