Asia-Pacific markets advanced Wednesday after Wall Street rose on the back of a tech rally, led by chipmaker Nvidia, with South Korean stocks leading gains. Shares in the artificial intelligence darling advanced nearly 3%, extending Monday's gains and driving Nvidia's market cap past Microsoft's for the first time since January. Chip companies Broadcom and Micron Technology rose more than 3% and 4%, respectively. South Korean markets rose as opposition party leader Lee Jae-myung won the presidential election. The Kospi index popped 2.44% to hit its highest level since August last year,...
The Nikkei 225 Index jumped 1% to around 37,800 while the broader Topix Index gained 0.5% to 2,785 on Wednesday, snapping a three-day losing streak as gains on Wall Street fueled investor optimism. The upbeat sentiment followed a tech-driven rally in the US, where Nvidia surged nearly 3% to reclaim its title as the world's most valuable publicly traded company, overtaking Microsoft. Back in Japan, Bank of Japan Governor Kazuo Ueda reiterated the central bank's readiness to raise interest rates if economic and inflation projections are met, reinforcing expectations of a cautious shift toward...
(Hong Kong) The Hang Seng Index initially opened lower by 12 points at 23,499 before showing a repeated positive trend, currently up by 168 points or 0.71% at 23,680. Meanwhile, the H-share index has risen by 68 points or 0.8% to 8,588, and the technology index has climbed by 40 points or 0.77% to reach 5,229. Market turnover stands at 38.2 billion Hong Kong dollars.As of 9.56am, the Hang Seng index was trading at 23,637.78, up by 125.29 points or 0.53% today on June 4th. In the tech sector, Tencent saw a 1.4% increase, Alibaba rose by 0.5%, Meituan surged by 1.7%, Xiaomi Group gained 2%,...