All articles tagged with #asia markets
Asia’s stock markets fell as investors dumped highly valued chipmakers on concerns that AI-driven profit growth may not sustain current valuations, even after Samsung Electronics posted a record quarterly profit. The selloff spread from South Korea to Japan and Taiwan, with oil-price moves and evolving macro cues keeping sentiment cautious.
Canada says it has secured a deal with British Columbia to build a major oil pipeline from Alberta to the West Coast, aiming to export over 1 million barrels per day to Asian markets and reduce dependence on the United States amid a US–Canada trade war. The plan involves the Trans Mountain Corporation and Pembina Pipeline, with Alberta pushing production growth while BC faces environmental and Indigenous concerns and maintains its northern coast tanker ban. The arrangement follows the Trans Mountain expansion that already shifted a large share of Pacific Coast crude to Asia, part of a broader effort to diversify energy markets beyond the US.
Hong Kong-listed EV makers BYD and Xiaomi rose after June delivery figures, while a broad tech selloff dragged Asia’s chipmakers and pushed indices like South Korea’s Kospi lower. Oil prices slipped as Middle East tensions eased. Other headlines included Hanwha Ocean being named the preferred bidder for a South Korean destroyer program, rising inflation in Korea fueling rate‑hike expectations, and U.S. stock futures hovering near flat ahead of trading.
Asia's tech shares rebounded after a global sell-off, led by Samsung Electronics' more-than-9% jump and gains for SK Hynix, with mixed moves across Japan and China; US tech names fell overnight as the Nasdaq slid about 2%, and memory-chip makers Micron and Sandisk dropped around 13%, suggesting the rally could be a pause rather than a reversal, according to analysts.
Most Asian stock indices fell as doubts about Middle East peace sent oil prices higher and bond yields up, fueling expectations of tighter U.S. policy; Brent crude near $81 and U.S. crude around $78, while futures pointed to softer sentiment in U.S. and European equities as investors await the Fed’s core inflation data.
Asia-Pacific stocks fell as investors weighed the durability of the U.S.–Iran interim deal, with Japan’s Nikkei down about 0.6% and Korea’s Kospi around -1.6% while the Kosdaq slid nearly 5%; U.S. futures were lower ahead of a holiday weekend after U.S. shares closed higher on rate-hike expectations. The yen weakened past 161 per dollar, oil prices drifted lower on demand outlook, and Indian IT names slid up to about 7% after Accenture cut its revenue forecast.
A tentative deal to end the Iran war spurred a risk-on rally: U.S. and Asian stock indices climbed while oil prices fell on easing tensions, as investors awaited key Fed and Bank of England decisions and notable market moves like SpaceX’s strong debut underscored bullish sentiment.
Asian tech equities rose as Wall Street's chip shares advanced, with SK Hynix, Samsung and Tokyo Electron leading gains, while SoftBank fell; investors eye SpaceX's IPO pricing and potential AI listings like OpenAI, signaling continued volatility amid a busy week for tech stocks.
Asia-Pacific stocks were mixed as investors weighed signals from the U.S.–Iran conflict; Japan’s Nikkei 225 and South Korea’s KOSPI slipped about 2% from record highs while Hong Kong steadied on tech names after Wall Street’s overnight records, helped earlier by Nvidia’s AI push. Momentum cooled as chipmakers led gains and subtle profit-taking set in; Korea’s May CPI also boosted expectations of higher rates from the Bank of Korea.
Stocks edged higher as quantum-computing names led gains after the Commerce Department announced $2 billion in incentives under the CHIPS and Science Act. The Dow rose 364 points (0.7%), while the S&P 500 and Nasdaq gained about 0.6%. Notable moves included Merck’s China study-positive drug data, BJ’s Wholesale Club beating earnings, IMAX exploring a potential sale, and Lenovo rallying on strong AI-driven revenue. Premarket movers featured Booz Allen Hamilton and Generac higher, with Futu dropping on a China crackdown. Global markets were broadly higher, Asia in particular, as investors weighed inflation trends and Fed policy expectations, with Nordea signaling a likely rate hold for now.
Asia-Pacific stocks surged, led by Japan’s Nikkei 225 which closed above 62,000 (62,833.84) as exporters and tech names led gains; the broader region, including Kospi and Hang Seng, rose amid optimism that a Middle East peace deal could end conflict. U.S. equities also climbed to records on diplomacy hopes, while oil edged higher.
Asian stock markets edged higher after Wall Street reached fresh records, while oil prices slipped, signaling a cautiously upbeat mood as investors weighed global equities against energy costs.
Asia-Pacific stocks were mixed as investors weighed uncertainty in U.S.-Iran negotiations. Japan’s Nikkei-225 fell about 0.5% after a record, while Korea’s Kospi rose over 1% to a fresh high and Kosdaq dipped. Japan’s central bank kept rates at 0.75% and lifted inflation forecasts as supply risks from the Iran crisis mount. Australia’s ASX 200 and Hong Kong’s Hang Seng slipped, and China’s CSI 300 fell modestly. Lightelligence jumped roughly 380% on its HK debut, and CATL slid about 7% after a ~$5 billion share offering. U.S. futures were modestly higher, and overnight the S&P 500 and Nasdaq hit records despite Iran tensions as oil rose on the risk backdrop.
Asia-Pacific stocks opened mixed as traders weighed fragile hopes for a Middle East ceasefire against rising U.S.–Iran tensions after Trump warned of escalation; major indices showed gains in Japan and Hong Kong while others slipped, with oil prices moving and a notable HK IPO (Victory Giant) rallying on its listing. Despite geopolitical risk, investors remained cautiously optimistic in the near term, with U.S. stock futures modestly higher.
Asia-Pacific stocks fell as cautious optimism over Middle East tensions tempered risk appetite, with the Nikkei 225 retreating from a record high and Hang Seng and Kospi sliding; oil prices declined, U.S. futures hovered near flat after the prior session’s gains, and investors weighed Trump’s comments on a potential ceasefire amid ongoing Iran-Israel dynamics and BOJ policy signals alongside a Hong Kong IPO.