PT Solid Gold Berjangka | Asian Stocks See Cautious Open Ahead of Nvidia
MARKET UPDATE SOLID GOLD BERJANGKA, SG BERJANGKA , SOLID GROUP, PT SGB , SGB
Solid Gold Berjangka | Stocks in Asia made a muted start as traders awaited earnings from the world’s most valuable company, while assessing heightened geopolitical risks.
Shares edged higher in Seoul and Tokyo, and futures pointed to small declines in Hong Kong. US contracts climbed after Wall Street benchmarks closed higher, reversing earlier losses spurred by fears about an escalation in the Ukraine-Russia war. Treasuries were little changed after rising on haven demand in the previous session.
The geopolitical headlines related to Ukraine created some selling pressure in US equities in the morning, but stocks quickly rebounded to finish the day higher as investors are anticipating Nvidia Corp. earnings, JPMorgan Chase & Co. analysts said in a note. “A nice beat seems widely anticipated.”
Traders are turning their focus to Nvidia as the chipmaker prepares to report later on Wednesday. The stock at the forefront of the artificial-intelligence boom rose 4.9% on Tuesday, leading gains in the S&P 500. Trading in options signals the results will be the most-important catalyst left this year — more than the Federal Reserve’s December meeting, according to Barclays Plc strategists.
Meanwhile, Bitcoin set another all-time high, supported by a series of developments highlighting the deepening embrace of the digital-asset industry in the US under crypto cheerleader Donald Trump.
Source: Bloomberg