The article discusses the impact of the “One Big Beautiful Bill Act” on various sectors as investors adjust their strategies. While Wall Street has mixed feelings about the bill, some view it as a new blueprint for U.S. economic policy, with clear sector bets being made.
In Asian markets, Japan’s Nikkei 225 reached a record high of 43,274.67, with other indices like Korea’s Kospi and China’s CSI 300 also gaining. Notably, the Hang Seng Tech index rose over 2%, driven by strong performance from companies like Tencent Music, which surged 16% after reporting impressive earnings.
There’s positive momentum in the broader Asia-Pacific region, with most markets opening higher and showing optimism about the government’s efforts to improve capital markets and attract foreign investment. Additionally, the S&P 500 hit a new intraday high, indicating rising investor confidence.
Overall, the article highlights a bullish sentiment in global markets, fueled by economic policy shifts and solid corporate performances, particularly in technology.
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