Markets tracked losses from Wall Street, even as tech darling Nvidia posted a fifth straight winning day.
Asia-Pacific markets extended losses on Thursday, tracking Wall Street's moves ahead of a slew of economic data from the region on Friday.Japan and South Korea will release industrial production figures on Friday, and China will release the official purchasing managers index for May. Inflation data for Japan's capital city of Tokyo will also be released.
Those searching for pockets of opportunities in the region can look to Goldman Sachs' selection of"alpha" stock opportunities. CNBC Pro: This global fund’s stock could rally by 50% if buyback limits are removed, fund manager says The company, which trades on the London Stock Exchange, says it has assets worth £3 billion and holds investments in private companies as well as publicly listed companies."The Magnificent 7 stocks collectively now make up 20.7% of total U.S. single stock Net exposure, the highest level on our record and exceeding the previous peak level of 20% seen last summer," the note said.A woman browses the meat aisle at a supermarket in Montebello, California, on May 15, 2024.
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