Markets were down generally during US hours and we will see that Tech is broadly down again yesterday with the Big Tech (Apple, Google, Microsoft, Amazon) and the crown jewel of US, Tesla.
With Nasdaq down by 1.27%, it is expected the Hang Seng Tech Index will likely take a hit as well today.
However, if you look at the other sectors, Financials were not that bad with most of the Big Banks getting a small gain with the exception of Morgan Stanley. Energy sector however is getting a hit with most of the big oil companies like Exxon, BP, Chervon falling around 1-2%.
It is likely to see volatility this week as earning season starts so watch out!
Disclaimer: Whatever posted here is purely my personal view. It is not an inducement to trade and not responsible for any losses. Tips and News might just be rumors in the market. I take no responsibility for any gains or losses as a result of reading my analyses, judgement and opinions. Trade with care and diligence please!
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