The shares of China’s CATL, the world’s largest battery manufacturer, listed in Hong Kong, experienced a decline of up to 8.75% on Thursday. This drop occurred as investors aimed to secure profits after the expiration of a six-month sales restriction on approximately 77.5 million shares owned by early stakeholders. The 23 cornerstone investors comprise Sinopec Read More
SoftBank Group experienced a decline of up to 10% on Wednesday following the announcement of its complete divestment from U.S. chipmaker Nvidia for $5.83 billion. This move reflects the Japanese conglomerate’s strategy to leverage its significant investment in OpenAI, the creator of ChatGPT. SoftBank’s shares ended the trading session down by 3.46%, closing at 21,910. Read More
Asia-Pacific markets exhibited a mixed performance on Tuesday, reversing earlier gains and diverging, which experienced an uptick fueled by renewed optimism surrounding artificial intelligence and increasing expectations for a swift resolution to the U.S. government shutdown. On Monday in the United States, Nvidia experienced a notable increase of 5.8%, positioning it as the leader in Read More
Asia-Pacific markets experienced a decline on Friday, mirroring the downturn observed, amid ongoing apprehensions regarding elevated valuations in artificial intelligence stocks. The shares of prominent AI firms experienced a decline on Thursday in the United States, contributing to a downward pressure on the overall U.S. market. The most significant declines were observed in Nvidia, Microsoft, Read More
Asia-Pacific markets experienced an uptick on Thursday, following the upward momentum of market, spurred by AMD’s third-quarter earnings surpassing expectations, which in turn bolstered artificial intelligence stocks. Japan’s benchmark Nikkei 225 index experienced an increase of 1.34%, concluding at 50,883.68, while the Topix index saw a rise of 1.38%, finishing at 3,313.45. Japanese companies in Read More
On Tuesday, Asia-Pacific markets experienced a decline, lacking significant catalysts, following the overnight increase of two major indexes driven by optimism in the technology sector. Amazon’s stock experienced a 4% increase following a $38 billion agreement with OpenAI, a strategic decision that will leverage hundreds of thousands of Nvidia’s graphics processing units. Nvidia experienced an Read More
