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Global Market Quick Take: Asia – March 4, 2024
The US stock market, especially the AI and semiconductor sectors, surged with Nvidia, AMD, Broadcom, Marvell Technology, and others gaining over 4%. The semiconductor momentum extended to Japan's market, driven by chipmaking equipment manufacturers and semiconductor materials makers, offering diversification opportunities. Weaker-than-expected ISM data caused Treasury yields to fall, weakening the dollar and boosting gold over 2% to $2080+. Oil prices rose on reports of OPEC+ extending output curbs. In China, investors noted President Xi Jinping's emphasis on 'new productive forces' through science and tech ... (full story)