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Global Market Quick Take: Asia – January 9, 2024

From home.saxo

The Magnificent Seven stroke back on Monday with all of them gaining more than 1%, led by a 6.4% jump in Nvidia. Ahead of the CES 2024 consumer electronics show officially starting today, Nvidia announced three new graphics chips with extra components and enhanced AI features for PC users. Additionally, the AI chip giants said four Chinese EV manufacturers will use its technology in their auto-driving platforms. The Nasdaq 100 rose 2.1% and the S&P 500 added 1.4%. Boeing plummeted 8.1% after US regulators ordering the grounding of over 170 Boeing 737 Max 9 jets after the accident over the weekend. Fixed income: ... (full story)

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  • Category: Fundamental Analysis