Japanese stock markets opened lower as escalating tensions with China weighed on retail and tourism-related stocks. The Topix index fell 0.8% to 3,333.98, while the Nikkei weakened 0.9% to 49,942.24 at the start of trading in Tokyo. The decline was triggered by China's warning to students seeking to study in Japan of increased risks to their citizens, after Prime Minister Sanae Takaichi's comments on Taiwan sparked diplomatic friction. This sentiment immediately hit stocks that rely on tourist arrivals and spending from China. Market analysts said the current Japan-China tensions are...
Asia-Pacific markets declined on Wednesday, following a decline on Wall Street, which was driven by concerns about the valuations of artificial intelligence (AI) stocks. Shares of Palantir, a major player in the AI sector, fell about 8%, despite the company reporting better-than-expected quarterly results. This decline reflects investor caution regarding AI stocks, which are considered overvalued, despite their strong growth. Major stock indices in Asia showed declines, with Australia's S&P/ASX 200 down 0.19%, and Japan's Nikkei 225 down 0.25%. Meanwhile, South Korea's Kospi fell...
US stocks tumbled on Tuesday, with the S&P 500 down 1.1%, the Nasdaq shedding 2.1%, and the Dow losing about 240 points, as investors grew increasingly uneasy over stretched valuations in AI-driven names and cautious outlooks from top Wall Street executives. Tech-heavy losses led the decline, with Palantir plunging 8.1% on valuation concerns despite beating earnings estimates, while Nvidia (-2.7%), AMD (-2.1%), and Oracle (-2.6%) also fell sharply. The pullback comes as the S&P 500's forward P/E ratio climbed above 23, near its highest since 2000, heightening fears of a correction...
European stocks slipped mostly lower Tuesday, with investors locking in some profits on the back of an uncertain economic outlook and with more corporate earnings to digest. The DAX index in Germany closed 0.8% lower, the CAC 40 in France slipped 0.5% and the FTSE 100 in the U.K. rose 0.1%. Investors bank gains Global stock indices, from New York to Tokyo, have rallied to fresh record highs this year, and European markets have also benefited greatly, with the three main indices also posting new peaks. The DAX has gained over 20% so far this year, the FTSE 100 over 18%, while political...
Stocks fell Tuesday, pressured by declines in artificial intelligence-related names like Palantir as investors grow increasingly concerned about valuations in the bull market-leading shares. The Dow Jones Industrial Average lost 410 points, or 0.9%. The S&P 500 dipped 1.2%, while the Nasdaq Composite lost 1.6%. Palantir shares shed 6.8% even as the software company beat Wall Street's estimates for the third quarter and gave strong guidance, fueled by growth in its artificial intelligence business. Palantir sees $1.33 billion in revenue for the current period, higher than the $1.19...
The Hang Seng index slumped 206 points, or 0.8%, to close at 25,952 on Tuesday, losing early gains as sentiment soured amid a broad sectoral decline. The technology index fell 1.8% after US President Trump said Nvidia would be banned from selling its most advanced AI chips to China, although it would allow some sales to Beijing. Traders largely shrugged off reports that China was raising subsidies, cutting energy bills for major data centers. Consumer and property stocks also weakened, following declines in mainland China as US index futures plunged on uncertainty over the Fed's interest...