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Tech Leads Share Gains as Musk Buys Twitter Stock: Markets Wrap

  • Ukraine peace talks set to resume as EU vows more sanctions
  • European stocks advance; 10-Year Treasury yield gains
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WATCH: Credit Suisse APAC Head of Equity Research Erica Poon Werkun advises investors to gradually build reopening exposure in China.Source: Bloomberg
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Financial markets began the week with modest moves across assets as investors assessed the latest central bank commentary and developments in Ukraine.

Tech shares drove gains in American stocks, powered by Twitter Inc. The social media company surged as much as 31% after Tesla Inc. Chief Executive Elon Musk took a 9.2% stake in the company. Starbucks Corp. declined after founder Howard Schultz suspended a share-buyback plan. Meanwhile, U.S.-listed shares of Chinese stocks like Baidu Inc. and Tencent Holdings Ltd. rose after China removed a key hurdle to allow the U.S. full access to audits.