With little clarity on the geopolitical front, investors are turning their focus to earnings from a cohort of tech giants with a combined market value of nearly US$16 trillion. Alphabet Inc., Microsoft Corp., Amazon.com Inc. and Meta Platforms Inc. are due to report Wednesday, followed by Apple Inc. a day later, with the results likely to set the tone for global equities and test whether the recent rally in megacap tech can be sustained.
(April 28) : Asian stocks were poised for a soft open Tuesday as investors braced for a wave of earnings from tech giants while keeping a close eye on developments in the Strait of Hormuz.
Equity-index futures for Australia and Hong Kong edged lower, while Japan was steady. S&P 500 contracts were little changed after the gauge stayed on track for its strongest monthly performance since 2020. A key semiconductor index pulled back following a historic rally, and the tech-heavy Nasdaq 100 was little changed. Oil was steady in early trading.
