SK Hynix Slides, Alibaba Rises, Mitsubishi Down
Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Big cap AI names such as SK Hynix are largely unimpressed with ASML's earnings. But new corners of this trade are always emerging with plastics a theme today on a JPM note highlighting strong demand from AI applications.
- The Hang Seng Tech Index rises as much as 2.6%, with some investors citing a short covering of Chinese Internet names ahead of the Singles’ Day shopping promotion starting Thursday.
- Asian banks were unimpressed by US bank earnings as both Australian and Japanese banks under-perform.
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