Stephen Innes
SPI Asset Management
Shares in Asia saw a rise on Friday, following a positive day on Wall Street spurred by jobs data that bolstered the argument for US rate cuts.
In Hong Kong, gains were fueled by reports that regulators were contemplating exempting individual investors from taxes on dividends earned from Hong Kong stocks purchased via Stock Connect.
The changing sentiment indicating a potential earlier US rate cut is a pivotal consideration for investors in today's stock market playbook. This shift suggests that rate cuts could fuel optimism in global stocks, prompting investors to focus on acquiring big tech growth stocks. Indeed, hope for US rate cuts is driving the bus today.
SPI Asset Management provides forex, commodities, and global indices analysis, in a timely and accurate fashion on major economic trends, technical analysis, and worldwide events that impact different asset classes and investors.
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Opinions are the authors — not necessarily SPI Asset Management its officers or directors. Leveraged trading is high risk and not suitable for all. Losses can exceed investments.
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