Global Markets Today: Asian markets opened higher on Thursday, taking cues from Wall Street’s gains as investors brushed aside worries about a potential AI bubble. In the U.S., Nvidia shares climbed on Wednesday after CEO Jensen Huang highlighted a “substantial” surge in AI computing demand over the past six months. CoreWeave stock also gained after…
Global Markets Today: Asian markets opened higher on Monday, following Wall Street’s Friday rally, as investors awaited China’s key lending rate announcement due later in the day. According to reports, China is likely to keep its loan prime rates unchanged, after the central bank recently held a key interest rate steady, even as the U.S….
Global Markets Today: Asian markets started the week on a mixed note as investors monitored U.S.-China discussions in Spain and awaited key economic data from Beijing. On Sunday in Madrid, U.S. and Chinese officials began talks covering national security, trade, and economic issues, including the looming deadline for TikTok’s divestment and U.S. tariffs. Australia’s S&P/ASX…
Global Markets Today: Asian markets mostly began Wednesday’s session on a positive note, as investors awaited key August inflation data from China. Economists surveyed by Reuters expect the mainland’s consumer price index for August to decline 0.2 per cent year-on-year, following a flat reading in July. Meanwhile, the producer price index is projected to decline…
Global Markets Today: Asian markets traded mostly higher on Monday as investors assessed the resignation of Japan’s prime minister and monitored key regional economic data. Japan’s Nikkei 225 gained 0.95 per cent after Prime Minister Shigeru Ishiba stepped down on Sunday, following weeks of growing pressure stemming from his national election loss late last year….