Nikkei Rises 1.7% as Chip Stocks Lead Gains
Japanese stocks rose after Anthropic's IPO paperwork eased concerns about a potential AI bubble. Tokyo Electron gained 4.5% and Screen Holdings rose 5.2%; the dollar traded at 157.51 yen.
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Japanese stocks rose after Anthropic's IPO paperwork eased concerns about a potential AI bubble. Tokyo Electron gained 4.5% and Screen Holdings rose 5.2%; the dollar traded at 157.51 yen.
U.S. indexes finished the week with gains, while bitcoin moved up to around $82,300. The update also noted Treasury yields near 5.24% and WTI crude around $91.65.
Bitcoin moved up to around $82,500 as U.S. stocks advanced and Treasury yields edged higher. The move was part of a wider intraday risk-on session rather than a standalone catalyst-driven event.
Bitcoin moved up to around $82,600 while major U.S. indexes posted broad gains and Treasury yields edged higher. The move adds to a risk-on session that also saw WTI crude near $91.60 and the Dow up more than 400 points.
Major stock indexes fell, with the MSCI world gauge down 0.83%, as oil prices resumed their rise and Treasury yields extended gains. Spot gold dropped 3.5% to a more than seven-week low.