Japan’s Nikkei share average concluded the trading session on Friday with a decline exceeding 2%, driven by a significant drop in the shares of Google parent Alphabet, which raised apprehensions regarding substantial expenditures in artificial intelligence. The Nikkei fell 2.73% to close at 64,611.15, yet managed to rise 0.7% for the week following a 6.4% Read More
South Korea’s benchmark Kospi index recorded its most significant monthly increase, rising nearly 31%, the highest since January 1998, driven by a robust performance in tech stocks that has enabled the market to overlook geopolitical tensions in the Middle East. The index’s substantial increases can be attributed primarily to the prevailing optimism surrounding the artificial Read More
Asia-Pacific markets exhibited a mixed performance, with gains in the auto and tech sectors following Nvidia’s announcement of a strong revenue forecast for its essential chips, alongside new partnerships with regional car manufacturers. Samsung Electronics, a long-standing collaborator of Nvidia, experienced an increase of 2.76%. Taiwan’s TSMC, recognized as the largest chipmaker globally and the Read More
