The major index finished the day up 0.5% despite yet another afternoon dip, this time dragged down by the tech names, which have responded negatively to rising bond yields. Intervention from Chinese state-backed investment funds helped to stabilise markets after early losses across Asia. A slight reduction in US real yields also mitigated losses in the tech sector heading into the close. Our top three VODs today are:
Three recent IPO stocks worth buying... now
Style rotation in markets; three stocks that are hot right now
Partying like it's 1999; US economy awaits its $1.9t sugar hit
Watch us live and free at ausbiz.com.au
Hosted on Acast. See acast.com/privacy for more information.
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By ausbizThe major index finished the day up 0.5% despite yet another afternoon dip, this time dragged down by the tech names, which have responded negatively to rising bond yields. Intervention from Chinese state-backed investment funds helped to stabilise markets after early losses across Asia. A slight reduction in US real yields also mitigated losses in the tech sector heading into the close. Our top three VODs today are:
Three recent IPO stocks worth buying... now
Style rotation in markets; three stocks that are hot right now
Partying like it's 1999; US economy awaits its $1.9t sugar hit
Watch us live and free at ausbiz.com.au
Hosted on Acast. See acast.com/privacy for more information.
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