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Global Market Quick Take: Asia – March 20, 2023

From home.saxo

The futures are indicating a positive open on Monday after UBS agreed to buy Credit Suisse for $3.25 billion in a government-brokered deal that is aimed at containing the spreading confidence crisis. Last week, at a benchmark indices level, we saw the strength of the information technology sector play out in markets and offset the bank sector losses. Mega-cap tech stocks have been somewhat looked at as safe haven play; as a testament to their cash flow strength and customer books. Alphabet rose 12.1% last week, leading big caps higher, with Microsoft up 12.4%, Amazon rose 9.1%, Meta gained 9.0%, and Apple rose 4.4% ... (full story)

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  • Category: Fundamental Analysis