Japan's Nikkei stock index rose 0.9% to 49,443.48 in the latest trading session, following a positive rally on Wall Street overnight. The rise was fueled by lower-than-expected US inflation data, raising investor expectations that the Federal Reserve may cut interest rates next year. Chris Beauchamp, an analyst at IG, said investors want to see data supporting the Fed's case for a rate cut. However, he also highlighted the risk that uncertainty about price trends could dampen market optimism about further rate cuts. In the Japanese stock market, several leading companies posted significant...
The Hang Seng Index fell 17 points, or 0.1%, to close at 25,935 on Wednesday (November 5), marking its second session of decline after Wall Street plunged on valuation concerns on Tuesday. Technology and property stocks led the decline, amid caution ahead of key Chinese data, including October trade figures on Friday and the inflation release on Sunday. Meanwhile, a private survey showed China's services sector grew at its slowest pace in three months in October, due to weak foreign demand and continued layoffs. However, the market pared initial losses after Premier Li Qiang's statement,...
Japanese stocks fell sharply on Wednesday: the Nikkei 225 fell 2.5% to 50,212, and the Topix dropped 1.26% to 3,268. The sell-off was led by technology stocks amid growing concerns about AI valuations. Sentiment became even more fragile after Wall Street executives warned of a potential market correction in the next two years, coupled with uncertainty about the direction of US interest rate cuts. Technology was the main drag: SoftBank Group fell 10% due to its heavy exposure to AI and technology investments. Chip and semiconductor equipment stocks also suffered: Advantest (-6%), Lasertec...
Hong Kong stocks continued their decline on Wednesday, with the Hang Seng Index falling 1.1% to 25,664.92, after losing 0.8% in the previous session. The decline was driven by weakness in major technology stocks such as Alibaba, JD.com, and Tencent, which fell 2.2%, 1.4%, and 1.2%, respectively. Market sentiment was also affected by concerns about an artificial intelligence (AI) bubble and uncertainty regarding the Federal Reserve's interest rate policy, which further curbed investor risk appetite. This decline mirrored weakness in the US market after Palantir Technologies shares fell...
Japanese stocks experienced a sharp decline on Wednesday, led by chip and electronics stocks, which were pressured by weakness in US technology stocks overnight. The Nikkei Stock Average fell 1.9% to 50,523.00. Stocks such as Kioxia Holdings fell 11%, SoftBank Group fell 9.1%, and Advantest plunged 8.1%. This decline reflects uncertainty in the Japanese market regarding the global technology sector. The Japanese yen also weakened slightly against the US dollar, with USD/JPY trading at 153.62, slightly higher than 153.55 at the Tokyo market close the previous day. Investors are now focused...
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...