PHNOM PENH: The CSX Index is currently at 505.03 Points down 1.24 Points or 0.24%
The Daily Exchange Rate: is 4,061 KHR to the USD$
ASIA MARKETS RISE ON HOPES OF EASING CHINA TECH CRACKDOWN.
Asian shares advanced on Tuesday, led by a jump in technology majors, as hopes grow for an easing of China's unprecedented regulatory crackdown on its once-freewheeling tech sector.
European markets were set for a higher open with the pan-region Euro Stoxx 50 futures up 0.85%, German DAX futures rising 0.87% and FTSE futures gaining 0.45%. U.S. stock futures, the S&P 500 e-minis , were up 0.42%.
MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) gained 1.5% on Tuesday, but the index is still down 6.4% so far this month. U.S. stocks ended the previous session with mild losses.
In Tokyo, the Nikkei (.N225) rose 0.33% in afternoon trade, while in Australia the S&P/ASX200 (.AXJO) index gained 0.25%.
Mainland China's CSI300 Index (.CSI300) gained 0.95% while Hong Kong's Hang Seng Index (.HSI) was 2.35% higher, as tech firms listed in the city (.HSTECH) jumped more than 4% on hopes of Beijing's crackdown on the sector being relaxed.
In afternoon Asian trade, the yield on benchmark 10-year Treasury notes rose to 2.9203% compared with its U.S. close of 2.879% on Monday.
The two-year yield , which rises with traders' expectations of higher Fed fund rates, touched 2.6112% compared with a U.S. close of 2.568%.
The U.S. dollar index , which tracks the greenback against a basket of currencies, was flat in Asian trade to be at 104.15.
The dollar rose 0.17% against the yen to 129.38 , getting closer to its high this year of 131.34.
The European single currency was up 0.1% on the day at $1.044, having lost 0.96% in a month.
U.S. crude dipped 0.39% to $113.76 a barrel. Brent crude fell to $113.88 per barrel.
Gold was slightly higher. Spot gold was traded at $1,824.44 per ounce.
S&P 500 ENDS LOWER AS TESLA FALLS, WHILE ENERGY RALLIES.
The S&P 500 ended lower on Monday, with Tesla and other growth stocks losing ground after downbeat Chinese economic data added to worries about a global slowdown and rising interest rates.
The S&P 500 energy index (.SPNY) rallied to a 2014 intra-day high, and it closed up 2.6%, making it the strongest performer among 11 sector indexes.
Investors questioned whether a strong day on Wall Street last Friday might signal the end of a recent sell-off that has left the S&P 500 down about 16% from its record high close in January.
Many of Wall Street's megacap growth stocks were lower, with Amazon (AMZN.O) and Google-owner Alphabet (GOOGL.O) losing more than 1% and weighing on the S&P 500 and Nasdaq.
Twitter (TWTR.N) fell more than 8% after Bloomberg reported that Elon Musk said a deal to buy the social media company at a lower price than his previously agreed $44 billion was "not out of the question."
Tesla (TSLA.O), which Musk leads, fell almost 6%.
The S&P 500 healthcare sector index (.SPXHC) rose 0.7%, lifted by a 2.7% jump in Eli Lilly & Co (LLY.N) after the drugmaker won U.S. approval for tirzepatide.
OIL PRICES INCH LOWER AS EU'S RUSSIAN OIL BAN STALLS
Oil prices inched lower on Tuesday as Hungary resisted a European Union push for a ban on Russian oil imports, a move that would tighten global supply, with investors taking profits on a recent rally.
Brent crude futures fell 11 cents, or 0.1%, to $114.13 a barrel by 0602 GMT, and U.S. West Texas Intermediate (WTI) crude futures slid 22 cents, or 0.2%, to $113.98 a barrel. Both benchmarks gained more than 2% on Monday, following a 4% jump on Friday.
MCDONALD'S TO EXIT RUSSIA AFTER MORE THAN THREE DECADES.
McDonald's Corp said on Monday 16th May it would sell all its 847 restaurants in Russia after more than 30 years, making it one of the biggest global brands to exit since the Russia-Ukraine conflict has began.
