Asian stock markets opened higher on Wednesday (October 29th), buoyed by positive sentiment from Wall Street. Investors are confident that the artificial intelligence (AI) trend can continue to drive profits for major tech companies, while bets are growing that the Fed will cut interest rates. Japanese and South Korean stocks rose, while Hong Kong was closed. In the US, the S&P 500 edged higher, but shares of tech giants—the "Magnificent Seven"—continued to rally, rising around 1.3%. The US dollar weakened for a third straight day, oil remained weak due to signs of oversupply, and gold...
Japanese stocks surged strongly. The Nikkei 225 index rose around 1.3% to near 50,900 on Wednesday, briefly setting a new record. Japanese market sentiment was also influenced by the tech rally on Wall Street, where artificial intelligence (AI) euphoria remains a key driver. Nvidia soared again after CEO Jensen Huang announced a series of new partnerships and dismissed the "AI bubble" issue. Japanese stocks close to the AI and chip supply chain also surged, including big names like Advantest, SoftBank Group, Lasertec, Fujikura, and Disco Corp. Japanese investors are also positioning...
Japan's blue-chip Nikkei 225 index rallied to a new high thanks to a positive earnings report from chip equipment maker Advantest and a new Japan-US investment plan that boosted tech stocks. However, exporters such as automakers weighed on the broader Topix index, as the yen's strength against the US dollar dampened market sentiment. The Nikkei rose 2.2% to 51,307.65, an all-time high, at the close in Tokyo. The Topix index fell 0.2% to 3,278.24. Of the 1,671 stocks in the index, 204 rose and 1,447 fell, while 20 were unchanged. Advantest was the Nikkei's best performer, rising 22%, the...