SINGAPORE (Reuters) -Chinese markets lifted Asian stocks on Wednesday on optimism over steps taken by policymakers to boost confidence, while looming earnings from Nvidia kept investors on edge following the recent frenzied AI-driven global rally. Financial markets will also look out for the minutes of the Federal Reserve's last meeting in January for further clues on the policy outlook as expectations of early U.S. interest rate cuts dissipate in the wake of sticky inflation data. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.62% on Wednesday, touching their highest in seven weeks, with stocks in China and Hong Kong providing the biggest boost.
Multiple Lithium acquisitions have taken place lately, we feel this company could be next.
Real estate focused virtual reality platform Matterport (NASDAQ:MTTR) missed analysts' expectations in Q4 FY2023, with revenue down 3.9% year on year to $39.55 million. Next quarter's revenue guidance of $40 million also underwhelmed, coming in 2.9% below analysts' estimates. It made a non-GAAP loss of $0.04 per share, improving from its loss of $0.09 per share in the same quarter last year.
