The Nikkei 225 Index climbed 0.73% to 42,829 while the broader Topix Index added 0.65% to 3,090 on Thursday, recovering part of this week's losses as chip stocks advanced after Nvidia reported stronger-than-expected earnings and revenue. Still, Nvidia's data center sales missed estimates for a second straight quarter, and the company disclosed no sales of H20 chips to China during the period. On the trade front, Japan's chief negotiator Ryosei Akazawa canceled a planned trip to Washington, where he had been scheduled to discuss Japanese investment in the US. Domestically, attention turns...
European stocks rose on Thursday, with the Stoxx 50 up 0.6% and the Stoxx 600 up 0.4%, as investors digested Nvidia's latest earnings. The US chipmaker forecast sales growth above 50% this quarter, signaling ongoing AI demand, though its shares slipped after data center revenue missed forecasts and concerns grew over China sales. In Europe, Pernod Ricard gained 5% despite a 3% annual sales drop, weighed by weak China demand and US tariff risks. On the other hand, Drax plunged 11% after UK regulators launched a probe into its biomass sourcing disclosures. Meanwhile, auto sector data showed...
The Hang Seng Index fell 203 points, or 0.8%, to close at 24,999 on Thursday (August 28th), extending its decline into a third session, weighed down by declines in consumer and technology stocks. The benchmark index hit its lowest level in a week amid growing doubts about the sustainability of China's stock rally, which has been underway since April, and caution ahead of the release of China's official August PMI later this week. Meituan plunged 13.2% due to intensifying competition in the domestic food delivery market and limited overseas expansion, particularly in Brazil. Alibaba fell...