The Digital Source For China's Tech Innovation Since 2000

China Tech Buzz

Global News Impacting Chinese Tech

Dow Jones, US Dollar, Yen, Crude Oil, Bitcoin Nears Record High, China GDP

News Snapshot:

Global market sentiment remained rosy this past week. On Wall Street , the Dow Jones, S&P 500 and Nasdaq Composite climbed about 1.5%, 1.7% and 2.1% respectively. European equities also shined, with the FTSE 100 and DAX closing 2.69% and 1.95% respectively. In Asia, the Hang Seng outperformed, rising 5.69%. Japan’s Nikkei 225 increased 3.64%. With the cheery mood, haven-linked currencies underperformed. These included the US Dollar and Japanese Yen . Rising Treasury yields meant that USD/JPY touched its highest since late 2018. The sentiment-linked Australian and New Zealand Dollars shined. Taking a look at commodities, crude oil prices continued…

Other China Tech Buzz: