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Stocks: Mixed performance amid tech weakness – HSBC

US stocks mostly fell on Thursday, driven by losses in tech shares as investor concerns over AI capital expenditures resurfaced. European and Asian stock markets traded mixed, notes HSBC.

Market overview and key movements

"US stocks mostly fell on Thursday, led by losses in tech shares amid renewed investor concerns over hefty AI capex. The S&P 500 ended a volatile session 0.1% lower, while the tech-heavy Nasdaq dropped 0.7%."

"The Euro Stoxx 50 lost 0.7%. The German DAX dropped 2.1% on tech stock weakness, while the French CAC closed almost flat (+0.1%)."

"Japan’s Nikkei 225 ended flat, and Korea’s Kospi rallied 1.0%. Hong Kong’s Hang Seng and China’s Shanghai Composite advanced 0.5% and 0.2%, respectively, as media reports of easing of property sector regulations lifted developer shares. Elsewhere, India’s Sensex was up 0.3%."

(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)

France Consumer Spending (MoM) came in at -0.6%, below expectations (-0.4%) in December

France Consumer Spending (MoM) came in at -0.6%, below expectations (-0.4%) in December
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AUD/USD Price Forecast: Tests 0.7000 support as 14-day RSI suggests overbought conditions

AUD/USD depreciates after three days of gains, trading around 0.7000 during the early European hours on Friday. Daily chart analysis indicates that the pair is remaining within the ascending channel pattern, indicating a persistent bullish bias.
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