Asian stocks performance trips up global equities

<img width="250" height="167" src="https://www.leaprate.com/wp-content/uploads/2023/12/FIN-LP-China-stocks-surge-after-record-liquidity-injection-5664259299-iStock-1323700366-250×167.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="" decoding="async" style="float: left; margin-right: 5px;" link_thumbnail="" srcset="https://www.leaprate.com/wp-content/uploads/2023/12/FIN-LP-China-stocks-surge-after-record-liquidity-injection-5664259299-iStock-1323700366-250×167.jpg 250w, https://www.leaprate.com/wp-content/uploads/2023/12/FIN-LP-China-stocks-surge-after-record-liquidity-injection-5664259299-iStock-1323700366-700×467.jpg 700w, https://www.leaprate.com/wp-content/uploads/2023/12/FIN-LP-China-stocks-surge-after-record-liquidity-injection-5664259299-iStock-1323700366-768×512.jpg 768w, https://www.leaprate.com/wp-content/uploads/2023/12/FIN-LP-China-stocks-surge-after-record-liquidity-injection-5664259299-iStock-1323700366-120×80.jpg 120w, https://www.leaprate.com/wp-content/uploads/2023/12/FIN-LP-China-stocks-surge-after-record-liquidity-injection-5664259299-iStock-1323700366-245×163.jpg 245w, https://www.leaprate.com/wp-content/uploads/2023/12/FIN-LP-China-stocks-surge-after-record-liquidity-injection-5664259299-iStock-1323700366-500×333.jpg 500w, https://www.leaprate.com/wp-content/uploads/2023/12/FIN-LP-China-stocks-surge-after-record-liquidity-injection-5664259299-iStock-1323700366.jpg 1254w" sizes="(max-width: 250px) 100vw, 250px" /><p>According to Reuters data, the MSCI’s Asia-Pacific shares index recorded a 0.18% Hang Seng (.HSI) decline during Friday morning trades. The MSCI’s world index performance displayed no drastic fluctuations and is set to close the week on a 1.7% negative. An exception to these mediocre movements, the Japanese Nikkei (.N225) was up by 0.5% following an increase in US Treasury yields, which are just below the 4% benchmark.</p>
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<p>Stock futures ended Thursday’s trading on a mingled note. The Dow Jones Industrial Average and S&amp;P 500 gained 0.06% and 0.04%, respectively, while the <a href="https://www.leaprate.com/forex/executives/nasdaq-appoint-roland-chai-as-president-of-european-market-services/" target="_blank" rel="noopener">Nasdaq Composite</a> dipped by 0.04%. This performance followed the fourth consecutive drop in the S&amp;P 500 and fifth in the Nasdaq Composite. Although the Dow Jones ended its Thursday trading on a higher note, it still signalled red for the first week of the year so far.</p>
<p>These movements are affecting the 9-week winning streak of the three major averages. The Nasdaq Composite took the biggest knock with a 3.3% loss so far.</p>
<p>Investment managers also seem to be taking a step back from big tech stocks such as Apple (AAPL). CNBC quoted Amy Kong, a partner in the Corient wealth management firm, who, in a Closing Bell interview, commented:</p>
<blockquote><p>We are pausing on any new dollars going into this group of stocks. In general, the market after this great burst of optimism last quarter, is now sitting at a price-to-earnings ratio of 20-times this year’s earnings.</p></blockquote>
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