Market Commentary - Foreign Markets
10-Jun-2025 10:05
Stocks Mixed as Semiconductor Surge Offsets Dow Dip
Most of the major sectors ended the day showing only modest moves, semiconductor stocks moved sharply higher on the day, driving the Philadelphia Semiconductor Index up by 2.0%. Computer hardware stocks were considerably strong, as reflected by the 1.2% gain posted by the NYSE Arca Computer Hardware Index. Oil service, telecom and networking stocks were significantly strong while utilities stocks notable moved downwards.
Asia-Pacific stocks moved mostly higher. Japan's Nikkei 225 Index advanced by 0.9% while Hong Kong's Hang Seng Index jumped by 1.6%. Japan's Nikkei 225 Index advanced by 0.9% while Hong Kong's Hang Seng Index jumped by 1.6%.
Major European markets moved downwards. The German DAX Index fell by 0.5%, the French CAC 40 Index dipped by 0.2% and the U.K.'s FTSE 100 Index edged down by 0.1%. In the bond market, treasuries saw modest strength following the steep drop seen last Friday. As a result, the yield on the benchmark ten-year note, which moves opposite of its price fell 3 bps to 4.48%.
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