Asia Stocks Set to Fall as Meta Drags on Big Tech: Markets Wrap

Bloomberg04-25

(Bloomberg) -- Asian equity markets were poised to open lower after Meta Platforms Inc.’s disappointing outlook raised concern on whether the industry that has powered the bull market in equities has ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2430849090?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/BdDvo3VvkLggmhZdWSREEg--~B/aD01Njk7dz05ODU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/bloomberg_markets_842/bf87eca7c1bb169d0220a8f48284d037","is_english":true,"pubTime":"2024-04-25 06:48","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2430849090","market":"us","top_or_hot":-1,"title":"Asia Stocks Set to Fall as Meta Drags on Big Tech: Markets Wrap","media":"Bloomberg","content":"<div>\n<p>(Bloomberg) -- Asian equity markets were poised to open lower after Meta Platforms Inc.’s disappointing outlook raised concern on whether the industry that has powered the bull market in equities has ...</p>\n\n<a href=\"https://finance.yahoo.com/news/asia-stocks-set-fall-meta-224829802.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Asia Stocks Set to Fall as Meta Drags on Big Tech: Markets Wrap</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAsia Stocks Set to Fall as Meta Drags on Big Tech: Markets Wrap\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-25 06:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/asia-stocks-set-fall-meta-224829802.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Asian equity markets were poised to open lower after Meta Platforms Inc.’s disappointing outlook raised concern on whether the industry that has powered the bull market in equities has ...</p>\n\n<a href=\"https://finance.yahoo.com/news/asia-stocks-set-fall-meta-224829802.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00BSNM7G36.USD","symbol_name":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","start_time":0,"source_url":"https://finance.yahoo.com/news/asia-stocks-set-fall-meta-224829802.html","article_id":"2430849090","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/BdDvo3VvkLggmhZdWSREEg--~B/aD01Njk7dz05ODU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/bloomberg_markets_842/bf87eca7c1bb169d0220a8f48284d037"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2430849090","pubTimestamp":1713998909,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":" -- Asian equity markets were poised to open lower after Meta Platforms Inc.’s disappointing outlook raised concern on whether the industry that has powered the bull market in equities has run too far.Biden’s Gains Against Trump Vanish on Deep Economic Pessimism, Poll Shows. Taylor Swift Is Proof That How We Critique Music Is Broken. Tech Giants Hit in Late Hours After Meta’s Outlook: Markets Wrap. Meta Projects Higher Spending in Deeper Push Into AI. Biden’s New Chopper Is Demoted After Scorching White House Lawn. Futures for benchmarks in Tokyo and Hong Kong declined, while US stock contracts sank in early Asian trading. Australian financial markets are shut for a holiday. The yen was little changed after weakening beyond 155 per dollar for the first time in more than three decades on Wednesday.The bank’s US Tactical Positioning Monitor hit a level that reflects an “attractive set-up” for the S&P 500, according to a team led by Andrew Tyler, JPMorgan’s head of US market intelligence.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","IE00BMPRXN33.USD":"NEUBERGER BERMAN 5G CONNECTIVITY \"A\" (USD) ACC","BK4528":"SaaS概念","BK4532":"文艺复兴科技持仓","LU0061474960.USD":"天利环球焦点基金AU Acc","MSFT":"微软","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","SH":"标普500反向ETF","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","LU0061474705.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN \"AU\" (USD) ACC","LU0070302665.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) ACC","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","LU0320765059.SGD":"FTIF - Franklin US Opportunities A Acc SGD","LU0158827948.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"A\" (USD) INC",".SPX":"S&P 500 Index","BK4525":"远程办公概念","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","IE0002270589.USD":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","SPY":"标普500ETF","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","BK4524":"宅经济概念","META":"Meta Platforms","BK4527":"明星科技股","BK4077":"互动媒体与服务","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","SDS":"两倍做空标普500ETF","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","OEF":"标普100指数ETF-iShares","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","IE00BLSP4239.USD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis USD Plus","IE00BLSP4452.SGD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis SGD-H Plus","LU0433182093.SGD":"First Eagle Amundi International AS-C SGD","SPXU":"三倍做空标普500ETF","IVV":"标普500指数ETF","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","SSO":"两倍做多标普500ETF","LU0109391861.USD":"富兰克林美国机遇基金A Acc","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","IE00BMPRXR70.SGD":"Neuberger Berman 5G Connectivity A Acc SGD-H","IE00BDCRKT87.USD":"PINEBRIDGE GLOBAL DYNAMIC ASSET ALLOCATION \"ADC\" (USD) INC","VOO":"Vanguard标普500ETF","UPRO":"三倍做多标普500ETF","LU0056508442.USD":"贝莱德世界科技基金A2","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","OEX":"标普100","IE00BBT3K403.USD":"LEGG MASON CLEARBRIDGE TACTICAL DIVIDEND INCOME \"A(USD) ACC"},"translate_title":"亚洲股市将下跌，Meta拖累大型科技股：市场收盘","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"META":0.9,"VOO":0.75,"SPY":0.75,"MSFT":0.75,"OEF":0.6,"OEX":0.6,"SDS":0.6,"SH":0.6,"SPXU":0.6,"SSO":0.6,"UPRO":0.6,"ESmain":0.6,".SPX":0.6,"IVV":0.6},"content_text":"(Bloomberg) -- Asian equity markets were poised to open lower after Meta Platforms Inc.’s disappointing outlook raised concern on whether the industry that has powered the bull market in equities has run too far.\nMost Read from Bloomberg\n\nBiden’s Gains Against Trump Vanish on Deep Economic Pessimism, Poll Shows\nTaylor Swift Is Proof That How We Critique Music Is Broken\nTech Giants Hit in Late Hours After Meta’s Outlook: Markets Wrap\nMeta Projects Higher Spending in Deeper Push Into AI\nBiden’s New Chopper Is Demoted After Scorching White House Lawn\n\nFutures for benchmarks in Tokyo and Hong Kong declined, while US stock contracts sank in early Asian trading. Australian financial markets are shut for a holiday. The yen was little changed after weakening beyond 155 per dollar for the first time in more than three decades on Wednesday.\nIn late US trading, a $250 billion exchange-traded fund tracking the Nasdaq 100 (ticker: QQQ) as the Facebook parent tumbled more than 15%. Meta projected second-quarter sales that were below analyst expectations and increased its spending estimates for the year.\nRead more: Meta Sinks on Revenue Guide and Spending Plans: Street Wrap\n“Meta’s resources are vast, but not infinite,” said Sophie Lund-Yates, an analyst at Hargreaves Lansdown Plc. “The language around spending plans has become bolder once more, and this could be what’s spooking markets.”\nIn the run-up to the results, the S&P 500 struggled to gain traction, hovering near 5,070 as traders positioned for economic data that will help shape the views on the Federal Reserve’s next steps. Treasury 10-year yields rose four basis points to 4.64%.\nThe Facebook parent reported revenue of $36.5 billion in the first quarter, an increase of more than 27% over the same period a year ago. It was a small beat, as analysts were looking for revenue of $36.1 billion on average, according to estimates compiled by Bloomberg. Profit more than doubled to $12.4 billion.\n“We encourage investors to focus on the positives,” said Tejas Dessai at Global X ETFs. “The company’s fundamentals continue to show strength, and that’s the key story.”\nTo Mark Hackett at Nationwide, while the cohort of seven tech megacaps has done well in the last two years because of their superior earnings growth relative to the broader market, this advantage could decrease in 2024 and even more significantly in 2025.\n“The ‘Magnificent Seven’ are not nearly as powerful as they once were,” Hackett said. “We see this as a positive development for investors looking to diversify away from the recent market leaders.”\nMeantime, a JPMorgan Chase & Co. indicator is flashing a resounding buy signal in US stocks, after it hit a threshold that typically precedes better-than-average gains.\nThe bank’s US Tactical Positioning Monitor hit a level that reflects an “attractive set-up” for the S&P 500, according to a team led by Andrew Tyler, JPMorgan’s head of US market intelligence. \nThe stock gauge has historically gained around 3% in the subsequent 20 days after a similar four-week change in positioning, compared to a roughly 1% gain in all periods, according to the note.\nFor weeks, traders have been scaling back how many rate cuts they expect from the Fed amid a string of resilient economic data. Economists surveyed by Bloomberg predict gross domestic product likely cooled to around 2.5% in the first quarter, with the figures still potentially suggesting persistent inflationary pressures.\n“Tomorrow’s pivotal GDP report comes as market participants hope for a soft number that would lead to rate cuts sooner rather than later,” said Jose Torres at Interactive Brokers. “We expect a stronger-than-projected figure. It would be great for revenue growth prospects, but bad for the timing and extent of rate cuts.”\nCorporate Highlights:\n\nInternational Business Machines Corp. posted earnings that disappointed investors as the company’s consulting unit continues to see weak demand. It also announced the acquisition of software firm HashiCorp Inc.\nFord Motor Co., rapidly retooling its electric vehicle strategy in a decelerating market for plug-ins, posted first-quarter results that beat expectations on strong sales of work trucks.\nChipotle Mexican Grill Inc. raised its full-year outlook as limited-time offers such as chicken al pastor helped boost demand, continuing a streak of positive results as other chains struggle to boost diner traffic.\nBoeing Co. Chief Executive Officer Dave Calhoun said the embattled planemaker is making progress toward turning around its manufacturing and that it will hit its mid-decade cash-flow goal, even after reporting a major outflow in the first three months of the year it slows output.\nBHP Group Ltd. is considering a potential takeover of Anglo American Plc, people with knowledge of the matter said, in what would rank as one of the year’s biggest deals.\nAmazon.com Inc. and Microsoft Corp.’s investments into artificial intelligence startups will get deeper scrutiny from the UK’s antitrust watchdog.\n\nKey events this week:\n\nUS GDP, wholesale inventories, initial jobless claims, Thursday\nMicrosoft, Alphabet, Airbus earnings, Thursday\nJapan rate decision, Tokyo CPI, inflation and GDP forecasts, Friday\nUS personal income and spending, PCE deflator, University of Michigan consumer sentiment, Friday\nExxon Mobil, Chevron earnings, Friday\n\nSome of the main moves in markets:\nStocks\n\nS&P 500 futures fell 0.6% as of 7:46 a.m. Tokyo time. The S&P 500 was little changed\nNasdaq 100 futures fell 1.1%. The Nasdaq 100 rose 0.3%\nHang Seng futures fell 0.4%\nNikkei 225 futures fell 1%\n\nCurrencies\n\nThe Bloomberg Dollar Spot Index rose 0.1%\nThe euro was little changed at $1.0695\nThe yen was little changed at 155.21 per dollar\nThe offshore yuan was little changed at 7.2734 per dollar\n\nCryptocurrencies\n\nBitcoin rose 0.3% to $64,256.64\nEther rose 0.5% to $3,145.53\n\nBonds\n\nThe yield on 10-year Treasuries advanced four basis points to 4.64%\n\nCommodities\n\nWest Texas Intermediate crude was little changed\nSpot gold rose 0.1% to $2,318.50 an ounce\n\nThis story was produced with the assistance of Bloomberg Automation.\n--With assistance from Rita Nazareth.\nMost Read from Bloomberg Businessweek\n\nA Hedge Fund Billionaire’s Cash Helped Fund a ‘Predatory’ Lender\nBig Junk Food’s Campaign to Get You Eating Doritos and Oreos for Dinner\nHow a Massive Hack of Psychotherapy Records Revealed a Nation’s Secrets\nStudio Behind Dune Eyes Growth, Even Without a Paramount Merger\nChina’s Bubble Tea Boom Creates a Half-Dozen Billionaires\n\n©2024 Bloomberg L.P.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2430849090"}