Asian shares ease; Microsoft’s rally boosts tech

27.01.2021 - Korneychuk Evgeniya
Asian shares ease; Microsoft’s rally boosts tech

Asian share markets recorded a weak performance on Wednesday. Investors’ subdued sentiment could be attributed to the Federal Reserve’s plans regarding its monetary policy. Meanwhile, futures for U.S. tech shares advanced on Microsoft’s hefty gains.

MSCI’s broadest index of Asia-Pacific shares outside Japan saw a 0.2% gain, with investors withdrawing from resource shares on stretched valuations. Japan’s benchmark index Nikkei, on the other hand, traded 0.3% higher.

Microsoft’s upbeat session greatly supported the technology sector, with futures for Nasdaq advancing 0.5%. Shares of the software company jumped 3.7% as its Azure cloud computing services expanded 50%. The increase made other U.S. tech giants enthusiastic, with Apple and Facebook set to announce their quarterly results within the day.  

Risk disclaimer "PROMETHEUS LTD – Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH96960 is a financial services institution outside the European Union Area, which is subject to the supervision of the IFMRRC Certificate 0395 AA V0155 Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. 70% of trading deals can be unprofitable. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. This Website may contain information in particular regarding financial services and products that could be regarded b a E.U. supervisory authority as an offer of financial services targeted in Europe. ESMA intervention measures do not apply to customers of PROMETHEUS LTD and it is your responsibility to choose a company which is most suitable for your trading needs. By clicking continue you confirm that you have read, understood and agree to the risk disclosures, terms of service, cash policies, privacy policies and this notice and that you are visiting this website on your own initiative, without any encouragement whatsoever from or PROMETHEUS LTD." Cookies notification: We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we assume that you are happy with it. Read more. Continue

Help with deposit?