Newly public Nano Labs stock rallies 64% after sinking 15% in prior session (NASDAQ:NA)


Japan -1.19%. Japan August preliminary (flash) Manufacturing PMI 51.0 (vs. prior 52.1).

Japan’s travel stocks jump after the country reportedly considers easing Covid measures.

China +0.14%.

Hong Kong -0.53%.

Australia -0.95% Australia August preliminary (flash) Manufacturing PMI 54.5 (vs. prior 55.7).

Australia weekly consumer confidence up 1.7% w/w to 85.6 again this week (prior week +4.9% to 84.2), highest since early June.

India +0.03%.

Overnight in the U.S., major US stock indices are closing sharply lower for the 2nd consecutive day. The NASDAQ led the decline with a tumble of -2.55%. The Dow industrial average down 643.15 points or -1.91% at 33063.62, S&P index down -90.49 points or -2.14% at 4138.00. The NASDAQ index modestly in 23.63 points or -2.55% at 12381.58.

South Korea inflation expectations 12 months ahead have fallen to 4.3% (from 4.7%).

Oil prices edged up on Tuesday, after Saudi Arabia warned that OPEC could cut output to correct a recent drop in oil futures.

Brent crude futures rose 32 cents to $96.80 a barrel by 0004 GMT, after a choppy session on Monday when they dropped by more than $4 before paring losses to trade near flat.

U.S. West Texas Intermediate crude futures rose 37 cents to $90.73 a barrel by 0004 GMT.

Gold prices edged higher on Tuesday after hitting a near one-month low in the previous session, helped by a slight pullback in the dollar although lingering worries over further aggressive U.S. interest rate hikes kept gains in check.

Spot gold was up 0.2% at $1,738.90 per ounce, as of 0128 GMT, after hitting its lowest since July 27 at $1,727.01 on Monday.

U.S. gold futures gained 0.2% to $1,751.70.

Spot silver gained 0.2% to $19.04 per ounce, platinum rose 0.3% to $877.70, and palladium climbed 1.5% to $2,023.10.

U.S. futures lower. Dow Jones -0.06%; S&P 500 -0.05%; Nasdaq -0.07%.



Image and article originally from seekingalpha.com. Read the original article here.

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