Asian stocks remain flat after disappointing tech earnings and market closures due to weather

From Yahoo Finance: 2024-07-23 19:18:06

Most Asian stocks traded flat after Wall Street losses as tech earnings disappointed. Yen strengthened, dollar gauge reaches weeks high before dropping. China short sales drop to 4-year low after curbs. Taiwan’s stock market shut due to Typhoon Gaemi, as Philippines closes markets too. Big Tech faces challenging comparisons, with the five largest companies projected to see profits rise by 29% in the second quarter. Feature events to watch include Canada rate decision, US new home sales, and IBM, Deutsche Bank earnings. S&P 500 futures fall, Japan’s Topix drops, while euro and yen remain stable. Bitcoin and ether see slight declines, as Treasury yields remain steady. (Word count: 100)



Read more at Yahoo Finance: Asian Stocks in Tight Range After Big Tech Results: Markets Wrap