Stocks: Mixed performance amid tech weakness – HSBC
|US stocks mostly fell on Thursday, driven by losses in tech shares as investor concerns over AI capital expenditures resurfaced. European and Asian stock markets traded mixed, notes HSBC.
Market overview and key movements
"US stocks mostly fell on Thursday, led by losses in tech shares amid renewed investor concerns over hefty AI capex. The S&P 500 ended a volatile session 0.1% lower, while the tech-heavy Nasdaq dropped 0.7%."
"The Euro Stoxx 50 lost 0.7%. The German DAX dropped 2.1% on tech stock weakness, while the French CAC closed almost flat (+0.1%)."
"Japan’s Nikkei 225 ended flat, and Korea’s Kospi rallied 1.0%. Hong Kong’s Hang Seng and China’s Shanghai Composite advanced 0.5% and 0.2%, respectively, as media reports of easing of property sector regulations lifted developer shares. Elsewhere, India’s Sensex was up 0.3%."
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.