Japanese shares rose, rebounding from a four-day losing streak, as AI-related stocks climbed following an upbeat earnings forecast from US chip titan Nvidia Corp. The blue-chip Nikkei 225 gained as much as 3.7%, the most since Oct. 6, to 50343.25 while the broader Topix index rose as much as 2.3% to 3319.54 in early Tokyo trading. Tech names led the rise, with SoftBank Group Corp. jumping as much as 9.1% and chip gear makers Tokyo Electron Ltd. and Ibiden Co Ltd. advancing over 7%. The gains in Japan come after Nvidia's shares rose over 4% post-market following the company's...
Asian chip stocks opened higher on Thursday after Nvidia reported better-than-expected results and provided a highly optimistic outlook, reinforcing market confidence in the global AI-driven trading theme. Nvidia shares rose more than 4% in after-market trading after its third-quarter earnings and revenue beat expectations, along with a higher-than-expected fourth-quarter sales projection. CEO Jensen Huang called demand for Blackwell's next-generation chips "off the charts."In Japan, the Nikkei 225 index jumped as much as 3.7% early in the session, while the Topix index rose about 1.67%....
Hong Kong's equity markets commenced Wednesday's trading session in positive territory, with the benchmark Hang Seng Index rising by 169 points, or 0.65%, to reach 25,999. The rally was broad-based, with the Hang Seng China Enterprises Index climbing 52 points, or 0.56%, to 9,203, while the Hang Seng Tech Index gained 39 points, or 0.7%, settling at 5,646. The financial sector contributed significantly to the upbeat mood. Insurance giant AIA Group led the gains with a 1.6% ascent, while Hong Kong Exchanges and Clearing advanced by 1%. HSBC Holdings and Ping An Insurance Group also...