South Korea’s Kospi reached a new record on Friday, as Asia-Pacific markets commenced the new year with mixed trading outcomes. The Kospi experienced an increase of 2.27%, reaching a closing record high of 4,309.63. Samsung Electronics experienced an increase of approximately 7% following reports that customers have lauded its high memory bandwidth, or HBM chips. Read More
On Tuesday, the majority of Asia-Pacific markets experienced declines, following the ongoing sell-off in the technology sector, driven by concerns surrounding the AI bubble. Nvidia shares experienced a decline of over 1% on Monday in the U.S., relinquishing a portion of the more than 5% increase observed during the previous week. Palantir Technologies, Meta Platforms, Read More
On Monday, Asian market experienced a significant increase, reaching their highest levels in six weeks. Concurrently, the U.S. dollar hovered near a nearly three-month low, driven by expectations that the Federal Reserve may reduce interest rates next year. This outlook has also contributed to a robust rally in precious metals. Silver experienced a significant increase, Read More
Asia-Pacific markets experienced an upward trend on Friday, as numerous exchanges in the region remained closed in observance of the Boxing Day holiday, while precious metals sustained their year-long rally. Spot gold increased by as much as 1%, reaching a record high of $4,530 per ounce on Friday, and was last trading at $4,508 per Read More
Asia-Pacific markets concluded the trading session predominantly in the red on Wednesday, diverging from US Markets, which experienced gains in key benchmarks following the release of stronger-than-anticipated economic growth figures. Japan’s Nikkei 225 experienced a decline of 0.14%, concluding at 50,344.1, whereas the Topix fell by 0.46%, finishing at 3,407.37. Reports says that the country Read More
Asia-Pacific markets commenced the trading session on a positive note Tuesday, buoyed by the influence of AI-related transactions that propelled major indexes upward in the previous session. Nvidia shares experienced an increase of over 1% following a report indicating that the company plans to commence shipments of its H200 chips to China by mid-February. Micron Read More
Asia-Pacific markets experienced an uptick on Monday as investors analyzed the decision of China’s central bank to maintain its loan prime rates at current levels. The People’s Bank of China maintained its 1-year and 5-year loan prime rates at 3% and 3.5% respectively, marking the seventh consecutive meeting without change, consistent with a Reuters survey. Read More
Japan’s equities and bond yields surged after the central bank lifted its policy rate to the highest level in three decades, a move taken as inflation has remained persistently above target for nearly four years. The Bank of Japan raised benchmark rates by 25 basis points to 0.75%, the highest since 1995, in line with Read More
On Thursday, Japanese tech stocks experienced a decline as concerns regarding AI infrastructure spending permeated into Asian markets, leading to a downturn in AI-related stocks. Softbank Group Corp experienced significant declines, ranking among the top losers in the benchmark Nikkei 225, which saw a drop of as much as 7.25%. This decline contributed to the Read More
Asia-Pacific markets exhibited a mixed performance on Wednesday as investors analyzed Japan’s trade data. In November, Japan’s exports experienced a year-on-year increase of 6.1%, according to data, significantly exceeding the 4.8% average increase surpassing the 3.6% growth recorded in the previous month. Japan’s Nikkei 225 rose 0.26% to close at 49,512.28, while the Topix ended Read More
