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
The Asia-Pacific market experienced a widespread decline on Tuesday, mirroring the downturn observed as investors persisted in reallocating their portfolios away from the artificial intelligence sector in the United States. Shares of AI plays, such as Oracle and Broadcom, experienced declines of over 5% and 2% respectively, while Microsoft also recorded some losses. In Asia, Read More
Markets in the Asia-Pacific region experienced a decline on Monday, following a downturn on the previous Friday, as investors paused their engagement with the AI sector. “[Friday] is a value-outperforms-growth day,” stated Jed Ellerbroek. “Investors exhibit a degree of skittishness regarding AI — not overtly pessimistic, but rather cautious, nervous, and hesitant.” Market participants in Read More
Asia-Pacific markets experienced an upward trajectory on Friday, following the gains observed, as two significant benchmarks reached new highs in the aftermath of the Federal Reserve’s recent decision to lower interest rates. The central bank on Wednesday reduced its key overnight borrowing rate by 25 basis points, establishing a new range of 3.5%-3.75%. Japan’s benchmark Read More
Asia-Pacific markets relinquished earlier gains to predominantly trade lower on Thursday, in the wake of the Federal Reserve’s third rate cut of the year. The U.S. central bank has lowered the Federal Funds rate by 25 basis points to a range of 3.5%-3.75% and indicated that it has concluded its easing measures for the time Read More
On Wednesday, Asia-Pacific markets exhibited a mixed performance as investors analyzed China’s inflation figures while anticipating the Federal Reserve’s decision regarding interest rates. Hong Kong’s Hang Seng index was last trading 0.22% higher, while mainland China’s CSI 300 closed 0.14% lower at 4,591.83 after China’s consumer prices edged up 0.7% from a year earlier, marking Read More
