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Global Market Quick Take: Asia – February 28, 2024

Global Market Quick Take Asia February 28 2024
The Russell 2000 rose 1.3% and Bitcoin surpassed $57,000, driven by increased risk appetite. Snowflake and Salesforce are set to report, with the potential for an upside surprise in Snowflake due to generative AI. Li Auto soared 25.5% on Q4 results beatin

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The Russell 2000 rose 1.3% and Bitcoin surpassed $57,000, driven by increased risk appetite. Snowflake and Salesforce are set to report, with the potential for an upside surprise in Snowflake due to generative AI. Li Auto soared 25.5% on Q4 results beating expectations. Anticipation of policy support from the National People’s Congress (NPC) sustains the market rally, but elevated prices pose a risk. Baidu and iQIYI report today. USDJPY initially slid to 150.10 on higher-than-expected Japan inflation but recovered to 150.50 later in the day. table

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