Mixed performance with slight dip in Hong Kong stock market, profit-taking in tech stocks, rising oil prices.

From NASDAQ MarketSite: 2024-06-24 21:18:45

The Hong Kong stock market saw a slight dip, closing just below the 18,030-point level after mixed performances from financial, property, and technology sectors. The global forecast for Asian markets is mixed with profit-taking in tech stocks likely to cap any gains. The major U.S. indices closed mixed, with only the Dow finishing higher. Oil prices rose on optimism about demand and potential supply disruptions. Wall Street was dragged lower by technology stocks, including Nvidia, Dell, and QualComm.

Overall, market movements are being influenced by profit-taking in tech stocks, while oil prices rose on optimistic demand outlook.



Read more at NASDAQ MarketSite: Higher Open Predicted For Hong Kong Stock Market