Lates News

Due to the optimistic sentiment in the market about progress in peace talks between the US and Iran boosting oil prices, Asian stock markets are expected to open higher, offsetting the weakness in Wall Street where the stock prices of several tech giants fell, dragging down the benchmark index. Stock index futures indicate that Sydney, Hong Kong, and Tokyo stock markets will rise. SpaceX announced on Monday that it will issue investment-grade bonds, expected to be a large-scale borrowing, which caused SpaceX's stock price to plummet by 16%. The market expects an agreement between the US and Iran, along with the revival of AI trade and steady growth in corporate profits, to drive the S&P 500 index up nearly 20% from its low point due to the war. UBS's Chief Investment Office stated that while geopolitical developments may still be a major source of market volatility in the short term, changes in investor confidence in the sustainability of the AI uptrend may also lead to market volatility.