Asian Stocks Gain on Tech Rally
Asian stock markets largely gained ground Wednesday, with technology shares leading the rally.
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Asian stock markets largely gained ground Wednesday, with technology shares leading the rally.
China and Hong Kong stocks snapped a two-day losing streak on Wednesday, tracking gains across Asian markets after chipmaker SK Hynix reported upbeat earnings.
Asian equities opened higher, with the MSCI Asia Pacific Index up 0.6%, as AI optimism lifted sentiment ahead of major technology earnings and the US Federal Reserve’s rate decision.
The Hang Seng Index edged down 0.3%, or 63 points, to around 23,150 on Tuesday, diverging from a broader rally across Asian markets as losses in healthcare, consumer and manufacturing shares outweighed gains in technology stocks. The decline came despite renewed optimism surrounding Anthropic’s US IPO filing, which lif
Global stocks remained under pressure Friday as investors continued rotating out of AI-related shares and into safer assets, while oil extended its gains. Following Thursday’s sharp selloff in chip stocks on Wall Street, MSCI's Asia Pacific Index fell 0.5%, putting it on course for its lowest close since late July. Sou
South Korea’s Kospi fell 0.47% and Japan’s Nikkei 225 shed 0.17%. The Topix gained 0.26% and Taiwan’s TAIEX rose 0.76%; Hang Seng futures slipped 0.2%.
U.S. stock futures rose Wednesday after Tuesday’s mixed close, with the Dow up 0.07%, the S&P 500 up 0.15% and the Nasdaq 100 up 0.42%.
Miners rise 3.3%, but down for seventh week Tech stocks rebound; WiseTech jumps 9% Banks ease after Thursday's rally (Updates to close) By Nichiket Sunil and Shravya Marakini Oct 16 (Reuters) — Australian shares posted their highest close in 5 weeks on Friday, as easing concerns over a global equity selloff sparked buy
South Korea's KOSPI closes at 6-month low Equities in India, South Africa, CEE gain IMF warns of slowing Asian growth, spillover from rising yields Ukraine's bonds hit 6-month lows as tensions rise over energy strikes Nepal, World Bank sign mandate to explore earthquake catastrophe bond By Johann M Cherian and Sudeshna
* India's Nifty 50 and Sensex jump 1.7% and 1.9%, respectively * Correction in global AI-linked markets and gains in telecom stocks after Jio Platforms' IPO announcement boost sentiment * Asia stocks slide 3.5%; South Korea's KOSPI and Japan's Nikkei 225 slump 8% and 5.4% MKTS/GLOB * Tech stocks led selling in Asian ma
EM Asia stocks index up 0.2% SK Hynix turns red, down 1.7% Monetary Authority of Singapore stuns with policy hold Taiwan dollar on 5-day losing streak (Updates for afternoon trade) By Nikita Maria Jino Oct 14 (Reuters) — Emerging Asian equities surrendered some gains in afternoon trading on Wednesday amid lingering con
U.S. stock futures were swinging between gains and losses on Tuesday, as the Dow Jones and S&P 500 indices rose, while the Nasdaq 100 index fell, following Monday’s mixed close. The ongoing war in Iran is mounting significant economic and strategic pressure on the U.S. as Brent futures hover around $105 and household c
Financials post highest close since early September Miners slide 2.2%; Rio Tinto falls 2.4% Asian technology stocks slide after Wall Street selloff (Updates to close) By Nichiket Sunil and Shravya Marakini Oct 13 (Reuters) — Australian shares recouped early losses on Tuesday, with gains in heavyweight banks countering
The cost of shipping crude oil by sea has hit a record. The Breakwave Tanker Shipping ETF (NYSE: BWET ), which tracks tanker freight futures, closed Thursday at $1,012.75. It ended 2025 at $19.26. That is a gain of 5,157%. Meanwhile, nine of 13 U.S.-listed tanker stocks have more than doubled this year. For comparison,
Asian stocks slipped as enthusiasm from Wall Street’s record-setting rally failed to carry into the region. MSCI’s Asia-Pacific index fell around 0.7%, with technology shares in South Korea and Hong Kong leading declines, while US equity futures also pared earlier gains. Treasuries weakened as oil prices climbed, with
0328 GMT - The Chinese yuan is undervalued by as much as 25%, Jonas Goltermann, chief markets economist at Capital Economics says in a note. Reducing China's trade surplus to a broadly balanced position would necessarily involve the yuan's significant appreciation, he says. That said, exchange rate adjustment alone wou
Editor’s Note: The ETFs tracking benchmark indices and the headline were updated in the story. U.S. stock futures traded higher on Tuesday, with futures tied to the Dow Jones, S&P 500 and Nasdaq 100 pointing to gains after the major averages closed higher on Monday. Iran’s economic crisis escalated as Oil Minister Mohs
European stocks rose, extending a global equity rally as investors turned more optimistic ahead of earnings season. The euro rose, while long-dated Treasury yields retreated from multi-decade highs.
Asian markets saw a mixed performance, with the Nikkei 225 and Hang Seng indices both rising 1%. Mumbai's Sensex gained 0.8% and Singapore's STI increased by 0.5%. Technology and AI stocks were strong performers. Trading in mainland China remained closed for a holiday.
U.S. stock futures traded higher on Tuesday, with futures tied to the Dow Jones, S&P 500 and Nasdaq 100 pointing to gains after the major averages closed higher on Monday. Iran’s economic crisis escalated as Oil Minister Mohsen Paknejad resigned amid allegations involving $2 billion in missing oil revenue, while the Ir
Asian stocks gained on Tuesday, tracking a tech-fueled rally that lifted the Nasdaq to a record close. Lower oil prices provided additional support, even as longer-dated Treasury yields remained near multi-decade highs. The euro traded near 17-month lows.
Copper prices were marginally up on Tuesday, as a boost from a tech-driven US stock market rally and receding market bets on a Federal Reserve rate hike this month were largely offset by a stronger dollar. Benchmark three-month copper on the London Metal Exchange was up 0.08% at $14,431.5 a metric ton by 0300 GMT.
Malaysian palm oil futures extended gains for a second straight session on Tuesday, buoyed by firmer crude oil prices and a weaker ringgit. The benchmark contract for December delivery gained 12 ringgit, or 0.26%, to 4,590 ringgit a metric ton.
Indian shares are likely to open higher on Tuesday, extending their rebound from the previous session as supportive global cues and positive quarterly business updates lift sentiment ahead of a crucial central bank policy decision. GIFT Nifty futures were trading at 22,648 points, signalling a positive start for the be
Asian equities opened mixed on Tuesday, October 6, as investors took their cue from a technology-led surge on Wall Street, which lifted the S&P 500 close to a record high. Japan's Nikkei 225 added 0.28% while the broader Topix gained 0.47%. In Hong Kong, Hang Seng futures rose 1%.
Asian stocks rose on Tuesday after a tech-fuelled rally lifted the Nasdaq to a record close, with a retreat in oil prices offering further support even as longer-dated Treasury yields hovered near multi-decade highs. The euro languished near 17-month lows after briefly touching $1.116 overnight, pressured by mounting f
U.S. stocks look set to open in the green on Wednesday, with futures of the Dow Jones, S&P 500, and Nasdaq 100 indices rising, following Tuesday’s lower close. Before the opening bell, all eyes will be on the latest Personal Consumption Expenditures (PCE) price index, the Federal Reserve’s preferred inflation gauge, fo
Stocks rose and bonds steadied after a bruising selloff, with investors awaiting a key US inflation reading for clues on the interest-rate outlook. The dollar headed for its strongest monthly performance since June. MSCI’s Asia Pacific Index gained 1%, putting it on course for its biggest advance in three weeks, with 1
Major Asian, US and European stock indexes were lower, while bonds and the dollar were mixed. The report also showed Brent crude higher and gold at a more than seven-week low.
The Nikkei ended the morning session 0.05% lower after rising as much as 1% earlier. The broader Topix edged up 0.16%.