Tag Archives: Stocks

Key Takeaways KOSPI worst performer: South Korea’s index plunged as much as 6%, with Samsung and SK Hynix each sinking over 8%. Labor minister shocks markets: South Korea’s Labor Minister called on major tech firms to share more AI profits with suppliers, subcontractors, and workers. Samsung-union deal: Minister Kim Young-Hoon …

Key Takeaways Broad regional retreat: Asian markets fell as tech and chip stocks gave back recent gains amid Iran uncertainty and Broadcom’s post-earnings slump. Broadcom crashes 12%: The chip designer’s mixed earnings and unchanged AI guidance disappointed markets, with losses spilling across Asia. Nikkei drops 1.9%: Japan’s index slumped after …

Key Takeaways Nikkei hits all-time high: Japan’s benchmark jumped nearly 3% to a record 68,645.5 points; TOPIX hit a peak of 3,996.22. Japan stimulus approved: The cabinet approved a 3.11 trillion yen ($19.5 billion) supplementary budget to tackle high living costs from the Iran war. Consumption tax cut coming: PM …

Key Takeaways Record highs across Asia: Nikkei 225 jumped nearly 3% to an all-time high of 66,449.48; KOSPI surged 3.4% to a record 8,458.25. Broad rally: Hang Seng rose 1%, Hang Seng TECH climbed 1.7%, ASX 200 advanced 1.3%, and Singapore’s STI gained 1%. 60-day ceasefire extension: Reports said Washington …

Key Takeaways Asian stock markets retreated on Thursday as fresh U.S. military strikes on Iran dampened recent investor optimism over a near-term peace agreement, while traders turned cautious ahead of key U.S. inflation data later in the day. Wall Street’s major indexes closed at all-time highs overnight on hopes of …

Key Takeaways Nikkei hits record: Japan’s benchmark index surged as much as 3.3% to an all-time high of 65,408.87 points. TOPIX also records: The broader index climbed 1.6% to 3,953.89 — another all-time high. Chip stocks lead: Renesas Electronics and Rohm each surged 10% on AI and semiconductor momentum. Nasdaq …

Key Takeaways Broad sell-off: Japan’s Nikkei fell 1.5%, TOPIX slipped 1.7%, KOSPI dropped 2.5%+, and Hang Seng declined 1.1%. Samsung collapses: Shares reversed early gains to fall more than 4% after labor negotiations broke down. Strike confirmed: Samsung’s union said it will go ahead with its planned strike starting Thursday, …

Key Takeaways Broad regional sell-off: Most Asian markets fell Monday, with tech leading losses ahead of Nvidia’s earnings. Nikkei drops 1%: Japan’s index slid, with TOPIX off 0.8%. Hang Seng plunges 1.7%: Hong Kong’s tech sub-index tumbled 2.5%, leading the regional decline. China weakens: CSI 300 fell 1%, Shanghai Composite …

Key Takeaways KOSPI tumbles: South Korea’s index plunged 3.5% — the worst performer in Asia — on steep losses in major chipmaking stocks. Chip exports not discussed: U.S. Trade Representative Jamieson Greer told Bloomberg that chip export controls weren’t part of Thursday’s U.S.-China talks. Decision left to Beijing: Greer said …

Key Takeaways DXY firms: The dollar index held near a one-week high after rising 0.4% on Tuesday. CPI shock: U.S. consumer prices rose 3.8% year-on-year in April — the biggest annual increase since May 2023 and above expectations. Rate cut bets evaporate: Investors have priced out expectations of any Fed …