12:38 - 6.08.2026
August 6, Fineko/abc.az. After the recent rally in global stock markets, investors are once again switching to a cautious strategy.
Amid the news around the Strait of Hormuz, gold has showed rapid growth, while the technology sector faced a downturn.
S&P 500 halted growth after adding $3.7 trillion in four days. The index of the largest semiconductor manufacturers fell by 1.4%. Despite strong financial reports, SpaceX shares plunged 14%. In Asia, Kospi index lost 4.5% due to a drop in SK Hynix and Samsung Electronics securities, while world index MSCI All Country declined 0.2%.
At that , the weakening of expectations for a rate hike by the US Federal Reserve pushed precious metals up: the spot price of gold briefly exceeded a record high of $ 4,300 per ounce.
