Japan’s Nikkei share average experienced a significant decline on Thursday, primarily influenced by a pronounced selloff in AI and semiconductor stocks, despite the fact that the majority of stocks within the index posted gains. A Democratic sweep in US midterm elections served as the catalyst for the tech rout, driven by expectations that Democrats will Read More
A renewed wave of AI-related concerns weighed on global equities on Tuesday, as investors remained on edge with the commencement of voting in pivotal US midterm elections. Opinion polls indicate that the Democrats are positioned to secure the House, whereas the Senate remains too competitive to determine a clear outcome. A sweep by Democrats may Read More
The Nikkei 225 Index experienced an increase of 1.08%, concluding at 63,954 on Wednesday. This marks the second consecutive session of gains, influenced by positive movements on Wall Street, where robust performances from technology firms have enhanced optimism regarding the artificial intelligence sector. Broadcom announced $63 billion in financing associated with Anthropic’s utilisation of its Read More
Japan’s Nikkei share average experienced a rebound on Tuesday, fuelled by renewed optimism in the AI sector, following a filing by industry leader Anthropic to list its shares. The benchmark Nikkei 225 advanced 1.73% to close at 63,268.37, paring an earlier gain of more than 2%. The broader Topix increased by 0.61%, reaching a level Read More
Japan’s Nikkei 225 Index experienced a decline of up to 2.3% before rebounding to finish 0.34% lower at 62,693 on Friday, as the selling pressure in technology and artificial intelligence stocks started to diminish. Despite the late-session recovery, the benchmark index declined 4% for the week, marking its second consecutive weekly loss as investors shifted Read More
Japan’s Nikkei 225 Index experienced an increase of 0.85%, closing at 64,621 on Wednesday. This rise marks a recovery from one-month lows, driven primarily by gains in AI-related stocks. Strong results from server manufacturer Super Micro Computer have enhanced expectations for AI spending, while robust earnings from SpaceX, bolstered by growth in its AI and Read More
Japan’s Nikkei share average ended a six-session decline on Friday, buoyed by a rebound in artificial intelligence-related shares. However, the extent of the gains was tempered by a prevailing caution in anticipation of upcoming corporate earnings reports and the US midterm elections. The Nikkei rose 1.39 per cent to 65,324.29 following a nearly five per Read More
Japan’s Nikkei share average experienced a significant decline of nearly 5 percent on Thursday, as technology stocks were adversely affected by media reports concerning distressed debt at the US cloud-computing provider CoreWeave. Additionally, concerning inflation figures from the US raised apprehensions regarding the potential for increased interest rates. The tech-heavy Nikkei concluded the trading session Read More
Japan’s Nikkei experienced a decline on Tuesday, driven by a selloff in AI-related stocks that intensified following a downturn in US chip shares. Additionally, geopolitical tensions contributed to a further erosion of risk sentiment. The benchmark Nikkei 225 declined by 1.82%, closing at 67,777.52, marking a fourth consecutive session of losses. The broader Topix experienced Read More
Japan’s Nikkei 225 recorded a weekly loss on Friday, as investors assessed the outlook for the burgeoning AI sector amid prevailing stress in global bond markets that dampened sentiment. The Nikkei experienced a slight decline of 0.02%, concluding the day at 69,030.92, after rebounding from an initial drop of 1.3%. The index concluded the week Read More
