Asian shares seen gloomy after Wall Street’s tech-driven gains

18.08.2020 - Evdokimov Roman
Asian shares seen gloomy after Wall Street’s tech-driven gains

Wall Street’s tech-boosted performance was dampened by Sino-U.S. tensions, sending Asian shares up on Tuesday. Meanwhile, the dollar was seen lagging behind almost all of its peers.

MSCI’s broadest index of Asia-Pacific shares outside Japan recorded a 0.19% gain, placing close to its pre-virus level and record high seen in January.

Japan’s benchmark index Nikkei fell 0.2%, while most markets performed in a narrow range as Chinese blue chips declined 0.25%. Australia’s benchmark index S&P/ASX 200 advanced with a 0.12% earning.

E-mini futures for the S&P 500 were seen inactive. Moreover, the Nasdaq and the S&P 500 reached their record peaks backed by a prosperous session of technology-related stocks.

“We saw some strength in tech again with semiconductors driving the boat,” Thomas Hayes, chairman at Great Hill Capital said.

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