Asian markets moved mixed on Wednesday. Japan's shares edged lower, while Australia and several other indices gained. The Nikkei 225 fell 0.26%, but the Topix rose 0.35%. In South Korea, the Kospi was flat, and the Kosdaq rose 0.62%. Australia's S&P/ASX 200 Index rose 0.13%. Hang Seng futures pointed to a slightly higher opening at 26,865, compared to the previous close of 26,696.41.
The main highlight came from SoftBank Group. The Japanese company revealed it sold its entire stake in Nvidia for US$5.83 billion in October, in line with its "all-in" strategy for OpenAI. SoftBank also reduced its stake in T-Mobile, raising a total of US$9.17 billion. SoftBank shares briefly plunged more than 7% following the news.
On Wall Street, the three major indices ended mixed. The Dow Jones Industrial Average jumped 1.18% to a new closing record of 47,927.96 thanks to purchases of blue-chip stocks like Merck, Amgen, and Johnson & Johnson. The S&P 500 rose 0.21% to 6,846.61, while the tech-heavy Nasdaq Composite Index fell 0.25% to 23,468.30 due to a shift away from the technology sector.
Market sentiment was influenced by hopes for an end to the US government shutdown and volatility in "AI stocks." Investors in Asia will be closely monitoring the movement of technology stocks, particularly SoftBank, following the Nvidia share dump. The next focus will be on how the sector shift on Wall Street affects risk appetite in the Asian session. (asd)
Source: Newsmaker.id
The S&P 500 rose 0.3% and the Dow Jones Industrial Average jumped 630 points to a new record high, while the Nasdaq Composite Index fell 0.3% as investors shifted from technology stocks to blue-ch...
US stock indices were muted on Tuesday amid fresh labor market concerns and continued skepticism on whether AI valuations are warranted by fundamentals. The S&P 500 and the Nasdaq 100 inched lowe...
Stocks in Europe were higher on Tuesday, with the STOXX 50 adding 0.5% and the STOXX 600 rising 0.6%, extending gains from the previous session, amid further signs the end of the US government shutdow...
Asian stocks advanced for a second consecutive day as progress toward ending the record-long US government shutdown lifted sentiment, sparking a cross-asset rally from commodities to cryptoc...
US stocks started the week strongly, with the S&P 500 rising 1.6%, the Nasdaq gaining 2.4%, and the Dow Jones Industrial Average rising about 415 points after the Senate approved a procedural move...
Silver prices have strengthened again following growing confidence that the US Federal Reserve will cut interest rates. When interest rates fall, precious metals like silver become more attractive because their value tends to stabilize amid...
Asian stock markets, particularly in Hong Kong, surged on hopes that the United States would soon cut interest rates. This news came after data showed the US labor market weakened last month, increasing the chances of the Federal Reserve (the US...
Asian markets moved mixed on Wednesday. Japan's shares edged lower, while Australia and several other indices gained. The Nikkei 225 fell 0.26%, but the Topix rose 0.35%. In South Korea, the Kospi was flat, and the Kosdaq rose 0.62%. Australia's...
Asian stocks advanced for a second consecutive day as progress toward ending the record-long US government shutdown lifted sentiment,...
Global financial market optimism has increased after the latest data indicated a strong chance that the Federal Reserve (The Fed) will cut interest...
The longest government shutdown in U.S. history could end this week after a compromise that would restore federal funding cleared an initial Senate...
Global stock markets rallied at the start of the week amid growing optimism that the US government shutdown will soon end. S&P 500 futures rose...