Market Overview
US employment data boosted rate cut expectations. $S&P 500 Index(.SPX.US$ and $Nasdaq Composite Index(.IXIC.US$ barely ended positive for two consecutive days, with tech giants initially falling. $Apple(AAPL.US$ rose for the seventh consecutive day, $NVIDIA(NVDA.US$ rose over 1%, setting a new record high. $GameStop(GME.US$ recovered from an early 10% drop to halve its losses.
Post the US job vacancies report, the 10-year Treasury yield briefly dropped nearly 10 basis points to a three-week low. The dollar index, which had rebounded to a two-month high, fell again. Gold briefly narrowed its losses.
In India, equities, bonds, and currency all fell. The stock index saw its largest drop in four years, the rupee hit a one-year low, and bond yields rose over 10 basis points.
Bitcoin surged over $2,000, breaking above $71,000. Oil hit a four-month low, briefly falling over 2%. Gold pulled back, while London copper fell nearly 2%, dipping below $10,000 for the first time in over three weeks.
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71180249 : Yeah probably because they need margin to cover
BARMAN 71180249 :![100 💯](https://static.moomoo.com/nnq/emoji/static/image/img-apple-64/1f4af.png)