Asian equities rose Friday following gains on Wall Street as investors shook off initial concerns over Nvidia Corp.'s revenue outlook. Bitcoin edged closer to $100,000 while the dollar gained.
Shares in Australia and Japan advanced. An index of US-listed Chinese stocks fell 1% Thursday, running against the grain of trading in New York but partly reflecting selling in Hong Kong stocks in their most recent session.
The S&P 500 and Nasdaq 100 both rose Thursday. Nvidia ended higher and even touched a fresh intraday record in a sign investors re-calibrated initial concerns over its revenue outlook. The company assured investors that its new product lineup will continue to fuel an artificial intelligence-driven growth run.
"The guidance seems to show lower growth, but this may be Nvidia being conservative," said Alvin Nguyen, an analyst at Forrester Research Inc. "Short term, there is no worry about AI demand. Nvidia is doing everything they should be doing."
Bitcoin set a fresh high, climbing past $98,000 on bets President-elect Donald Trump's support for crypto and a looser regulatory environment will usher in a boom for the industry. A Fox Business News report suggested Chris Giancarlo, a former chairman of the Commodity Futures Trading Commission, was being weighed as the first "crypto czar" under the incoming administration.
Source: Bloomberg
Tested EN...
Asian stock markets weakened for the second consecutive day, indicating that the initial rally that had been "speedy" at the start of the year is starting to lose steam. At the same time, US governmen...
US stocks were mixed on Wednesday as investors weighed uneven economic data against expectations for eventual Federal Reserve easing, with the S&P 500 easing 0.2% and the Dow Jones sliding 0.8% fr...
European stocks were in mixed territory on Wednesday morning, as regional market jitters grow over U.S. President Donald Trump's threat to annex Greenland. The pan-European Stoxx 600 was little chang...
Asian stock markets weakened slightly on Wednesday after posting their best start to the year in history. The decline was driven by a decline in Japanese stocks amid escalating tensions with China. Th...
Oil prices stabilized on Thursday (February 12th), as the market reassigned a risk premium to US-Iran tensions despite US inventory data showing swelling domestic supplies. This movement confirms one thing: geopolitical headlines are still more...
Gold prices weakened slightly on Thursday (February 12th), as more solid US employment data reduced market confidence in an imminent Federal Reserve interest rate cut. The strong employment data prompted market participants to shift expectations of...
The Hang Seng Index reversed its downward trend in Hong Kong on Thursday (February 12th), weakening by around 0.9% to around 27,000 after a strong session earlier. This decline halted the momentum of the short term rally, as investors began to...