Japan’s Nikkei 225 achieved a new record on Thursday, reaching 45,754.93, which signifies six consecutive sessions of gains. The broadly representative Topix concluded the trading session at a record high of 3,185.35. Other Asia-Pacific markets exhibited a mixed performance on Thursday, diverging from Wall Street as investors persisted in offloading technology stocks such as Nvidia and Oracle for a second consecutive day.
Nvidia experienced a decline of nearly 1%, extending its downward trajectory from Tuesday, as increasing concerns regarding the potentially cyclical characteristics of the AI industry prompted investor skepticism. decreased by 0.13%, concluding at 26,484.68. Chery’s shares experienced an 11% increase, reaching 34.16 Hong Kong dollars at their debut on the index Thursday, in contrast to the offer price of HK$30.75. The equity subsequently relinquished a portion of its earlier advancements, concluding at HK$31.92. Shares experienced an increase of 3.69% following the introduction of a range of new devices and appliances, which include smartphones aimed at competing with South Korea’s Samsung.
On the mainland, China’s CSI 300 increased by 0.6%, concluding at 4,593.49. concluded slightly beneath the neutral point at 3,471.1, whereas the small-cap Kosdaq experienced a decline of 0.98%, finishing at 852.48. Naver, an internet firm, emerged as a frontrunner on the Kospi, experiencing a gain of 11.4% following its announcement of an investment in health startup GravityLabs early Thursday. Taiwan’s Taiex experienced a decline of 0.66%, as the prominent Taiwan Semiconductor Manufacturing Company saw a decrease of 1.49%. This follows a report indicating that the semiconductor leader Intel is pursuing an investment from Apple. Apple had previously utilized Intel chips across a range of its personal computing devices, but transitioned to TSMC with the introduction of its M1 chip in 2020. The report, however, indicated that Apple is unlikely to revert to Intel chips. Australia’s S&P/ASX 200 reversed earlier losses, concluding with a modest gain of 0.1% at 8,773.
U.S. stock futures exhibited minimal variation as investors positioned themselves ahead of Thursday’s forthcoming weekly jobless claims data. This information may play a critical role in shaping the Federal Reserve’s monetary policy decisions, particularly in light of growing apprehensions regarding a softening labor market and escalating layoffs. Overnight in the U.S., the S&P 500 experienced a decline of 0.28%, concluding at 6,637.97, whereas the Nasdaq Composite retreated by 0.34%, finishing at 22,497.86. The Dow Jones Industrial Average experienced a decrease of 0.37%, concluding the session at 46,121.28.