Asian shares rose at the open after a renewed wave of buying in companies linked to the artificial-intelligence boom sent Wall Street benchmarks to new peaks. Gold and oil edged lower on a peace deal in the Middle East. Shares gained in Japan and Australia after the S&P 500 closed 0.6% higher Wednesday, while the … Read more
Asian stocks traded in a tight range at the open after losses on Wall Street as signs of fatigue crept into the AI-fueled equity rally. Shares in Japan and Australia edged up while those in South Korea retreated. The S&P 500, Nasdaq 100 and a gauge of global stocks each dropped 0.3% Wednesday, extending declines … Read more
Asian equities opened lower after a selloff in technology stocks hit Wall Street Friday, with chip shares among the losers. Indexes in Japan and South Korea opened lower along with Australian stocks. Samsung Electronics Co. and SK Hynix Inc. slid after the US Commerce Department removed the companies from the list of entities authorized to … Read more
US officials have slowed the issuing of licenses to chipmakers such as Nvidia Corp. and Advanced Micro Devices Inc. for large-scale AI accelerator shipments to the Middle East, according to people familiar with the matter, while officials conduct a national security review of AI development in the region. It’s unclear how long the review will … Read more
From New York to London to Tokyo, if there’s one similarity among the world’s equity markets it’s this: record highs.Of the world’s 20 largest stock markets, 14 have hit all-time highs recently. The MSCI ACWI Index, which tracks developed and emerging markets, has been on a record-breaking run, setting another new high on Friday. In … Read more
Nvidia Corp breached the $1 trillion in market capitalization on Tuesday, making it the first chipmaker to join the trillion-dollar club. The gaming and AI chip company, whose shares rose 4.2% in early trading on Tuesday, was valued at $1 trillion. Taiwan Semiconductor Manufacturing Co Ltd is the next largest chipmaker globally, valued at about … Read more
The S&P 500 dipped and the Nasdaq ended sharply lower on Wednesday after a growing wave of weak economic data deepened worries that the Federal Reserve’s rapid interest rate hikes might tip the U.S. economy into a recession. Nvidia Corp dropped 2.1% and was among the stocks weighing most on the S&P 500 after Alphabet … Read more
The S&P 500 ended higher on Thursday, snapping a five-session losing streak, as investors interpreted data showing a rise in weekly jobless claims as a sign the pace of interest rate hikes could soon slow. Wall Street’s main indexes had come under pressure in recent days, with the S&P 500 shedding 3.6% since the beginning … Read more