Big Tech sell-off takes toll on Asian equities

Quick Summary:

RECAP: Asian equities were mixed on Friday as traders weighed the rising expectations of US interest rate cuts against continued weakness in technology shares after a protracted run-up in prices.

TECHNICAL VIEW: Phillip Securities sees support at 1,285 points and resistance at 1,330.

First is earnings plays in companies poised for quarterly and annualised earnings growth, with inexpensive valuations, including MINT, BEM, OSP, TU, KCE, CPF and TRUE.

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Article Details

Category: EconomyBusiness

Markets: ThailandChinaGermany

Topics: Baht Points Brokerage Prices Billion Policy Inflation Release Investors Securities Friday

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-27 @ 05:33:00 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 371 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 22 words per sentence (average)

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Copyright Owner: © Bangkok Post

News ID: 21788337

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Official Website: bangkokpost.com

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