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
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 experienced an increase on Friday, primarily driven by technology stocks. However, the extent of the gains was limited due to ongoing concerns regarding inflation and the uncertainty surrounding the potential signals from Federal Reserve Chair Kevin Warsh’s upcoming speech at Jackson Hole. The Nikkei rose 0.4% to close at 66,405.56. Chip-testing Read More
Japan’s Nikkei share average experienced a decline on Monday as investors assessed the corporate outlook in light of the renewed conflict in the Middle East, which has led to an increase in oil prices. The Nikkei experienced a decline of 1.92%, settling at 67,242.73, whereas the broader Topix registered a loss of 0.71%, closing at Read More
In the week ending June 27, foreign investors divested from Japanese equities at the quickest rate observed in approximately three months, capitalising on gains from technology stocks amid elevated valuations following a robust performance in the previous quarter. There has also been increasing concern regarding AI expenditures financed through borrowing. Non-native investors withdrew a net Read More
Japan’s Nikkei share average reversed course to conclude the day on a positive note on Monday, as chip-related stocks mitigated losses following South Korea’s announcement of extensive chip and AI mega-projects. The Nikkei closed 0.15% higher at 69,468.11, after experiencing a decline of as much as 1.97% earlier in the session. The broader Topix rose Read More
Japan’s Nikkei share gauge experienced a decline for the second consecutive day on Wednesday, influenced by apprehensions regarding possible interest rate increases by the Federal Reserve and the valuations within the AI sector that dampened market sentiment. The benchmark Nikkei 225 slid 0.88% to close at 69,174.97, retreating further from a record high reached on Read More
Asian stock markets are predominantly experiencing declines on Monday, influenced by the generally negative signals from European markets and the absence of direction from Wall Street overnight. This comes amid renewed uncertainty regarding the peace agreement aimed at resolving the Middle East conflict, following US President Donald Trump’s warning of potential new strikes should Hezbollah Read More
Japan’s Nikkei share average concluded the trading day on a positive note on Tuesday, buoyed by a rebound in chip-related heavyweights that had suffered significant losses in the preceding session. The Nikkei closed up 2.17% at 65,416.63. The index experienced a decline of 3.85% on Monday, marking its most significant one-day loss in the past Read More
Asia-Pacific markets exhibited a mixed performance on Wednesday, as investors processed an inflation reading for April that exceeded expectations, amidst apprehensions regarding elevated oil prices and the persistent conflict in the Middle East. President Donald Trump on Monday characterized the month-old ceasefire between the U.S. and Iran as “unbelievably weak” and “on massive life support,” Read More
