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Global Market Quick Take: Asia – May 20, 2024
Equities: Asian markets are poised for gains following a positive performance in US stocks, which reached new highs amid strong corporate earnings. Futures in Australia, Hong Kong, and China are up, though Japanese futures saw a slight dip. The S&P 500 and Dow Jones Industrial Average in the US continued their upward trajectory, with the Dow surpassing the 40,000 mark for the first time. On Friday, the S&P 500 Index saw a modest gain of 0.1%, with the majority of its major sectors advancing. Energy stocks led the increase, while notable rises in Alphabet Inc. and Amazon.com Inc. helped lift the benchmark index. ... (full story)