In particular, the actions of Nvidia and Advanced Microdevices They have been beaten for weeks when the The US government placed restrictions on these companies for the marketing of their products with China and curb the growth of the Asian giant.
But on the other hand, the Cedears were generally affected by US stock losses as corporate earnings season kicked off with big bank profits plummeting.
The Dow Jones ended down 1.3% to 29,634.83 points. The expanded S&P 500 index fell 2.4% to 3,583.07 points, while the Nasdaq technology fell 3.1% to 10,321.39 points.
JPMorgan Chase, Morgan Stanley, Citigroup and Wells Fargo all reported falling net profits as market turmoil hurt investment banking activity and lenders set aside more funds to cover loan defaults.
The Cedears also saw their performance affected by the decline in the financial dollar, which lost value this day, although it closed the week at values close to June after the Government’s decision to increase the tax burden on the dollar card and waiting for the September inflation data.
The Dollar Cash with Settlement (CCL) fell 0.3% or $1.05 to $312.89, its highest value since July 28, while the MEP dollar fell 0.1% or $0.38 to close at $299.04, after breaking through the ceiling of the $300, a value that had not been touched since September 30.
Source: Ambito
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