Tue, Jan 21, 2025 11:44 AM
Dixon Tech shares have a 30% potential downside on valuation concerns
A Flip by Shubhangi Gupta
Japan's Nikkei share average ended higher in volatile trading on Tuesday, as investors found comfort in the possibility of a delay in tariff implementation by U.S. President Donald Trump. The Nikkei closed 0.32% higher at 39,027.98, after rising as much as 0.86% earlier in the session. The index flitted in and out of positive territory in early Asian hours.
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European shares were flat in choppy trading on Tuesday, as rising healthcare and financial shares offset broader losses arising from uncertainty related to U.S. President Donald Trump's proposed tariff measures following his inauguration. The pan-European STOXX 600 held steady at 524.15 points by 0825 GMT. Financial services gained 0.4%, boosted by a 7.7% jump in abrdn.
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There are early signs that investors are preparing for equity laggards to rally on bets that US President Donald Trump could take a softer-than-feared stance on global trade, according to a survey by BofA. While fund managers are still largely positioned for announcements by Trump on tariffs and immigration cuts, bank’s survey found a sharp rotation away from US stocks and into Europe this month.
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