US stocks closed sharply higher on a triple-witching Friday, with the S&P 500 rising 0,9%, the Nasdaq 100 gaining 1.4%, and the Dow Jones adding more than 180 points, extending gains from the previous session as technology stocks outperformed. The AI-related trade showed signs of recovery, led by Oracle, whose shares jumped more than 7% after TikTok agreed to sell its US operations to a new joint venture involving Oracle and private-equity firm Silver Lake. Micron Technology advanced 7%, building on its 10% surge on Thursday. Also, Nvidia shares climbed more than 3% after Reuters...
Both the STOXX 50 and STOXX 600 were flat on Wednesday (November 19), trading near lows not seen since late September, but attempting to stabilize after four consecutive sessions of losses. However, investor sentiment remained low as concerns over overvaluation of AI and technology stocks persist, with Nvidia scheduled to report quarterly results today. UniCredit was among the worst-performing stocks (-1.2%) following reports that it may be considering smaller Italian rival BPER as a potential acquisition target. Engie (-1.3%), RWE (-0.8%), and Iberdrola (-0.8%) also traded in the red,...
The Hang Seng Index fell 99 points, or 0.4%, to close at 25,831 on Wednesday (November 19), extending its decline for a fourth session and holding at its lowest level in two weeks. Sentiment remained weak after Wall Street's prolonged decline on Tuesday ahead of the release of Nvidia's earnings report, the latest FOMC meeting minutes, and key US employment data. Concerns also grew that President Trump's lower approval rating could spur more fiscal spending and increase inflation risks. Diplomatic tensions between China and Japan persisted, further weighing on risk appetite. Locally, markets...
The Nikkei 225 closed down 0.34% to 48,538 on Wednesday, while the broader Topix index fell 0.17% to 3,246. This marked the fourth consecutive day of declines for Japanese stocks. The main pressure came from the technology sector, which is still being punished by the market due to concerns about overvaluation. Investors also chose to be cautious ahead of Nvidia's highly anticipated earnings release, given that many Japanese technology companies are connected to the global AI supply chain. Several major technology stocks weighed on the index, including Advantest (-0.6%), Lasertec (-2.2%),...
The Hong Kong stock exchange opened Wednesday with limited gains. The Hang Seng Index edged up around 24 points to 25,954, indicating the market hasn't fully lifted its cautious stance. Early in the session, technology and financial stocks were the main focus due to their inconsistent movements. In the technology sector, the Hang Seng Technology Index rose around 0.37% to 5,666, while the Hang Seng China Enterprises Index also gained around 0.19% to 9,192. Several major names, such as Tencent and Alibaba, moved positively, rising around 0.6% and 0.7%, respectively. Meituan and JD.com only...
The Nikkei index closed down 0.9% to 48,281.47 in today's trading, erasing all of its early-session gains. Risk-off sentiment reigned, resulting in bargain hunting not being strong enough to withstand selling pressure. Global stock markets have been under considerable pressure in recent days. FOREX.com Global Macro Analyst, Fawad Razaqzada, said global markets are under intense pressure. One of the triggers for negative sentiment in the technology sector is concerns ahead of Nvidia's financial report release on Wednesday local time. Investors are opting for caution and tending to reduce...