Posted 2/23/2024, 11:43:00 AM
Asian Stocks Mixed as Tech Rally Slows, Europe Eases Back
- Asian and European stocks eased back from the global tech rally inspired by Nvidia’s earnings
- Hong Kong’s Hang Seng Index fell 0.1%, Chinese mainland markets gained, Japan’s Nikkei 225 rose 2.2%
- Chip stocks were prominent gainers in Japan, Lenovo fell 3.3% in Hong Kong as the market appeared disappointed with the PC maker’s growth outlook
- Standard Chartered up over 8% after the Asia-focused bank unveiled a $1 billion buyback and forecast higher income
- U.K. consumer confidence dipped in February on growing concerns over the economy ahead of a likely election