Atlantide Phototravel | Corbis Documentary | Getty Images Shares of SK Hynix jumped Friday after announcing that it had finished developing HBM4, the latest generation of high-bandwidth memory seen as vital for artificial-intelligence applications. Its shares rose over 7% to hit the highest since 2000 as of 9.40 p.m. ET Wednesday. Elsewhere in Asia, markets…
Asia-Pacific markets opened mixed Thursday after Wall Street continued to reach record highs over Fed-rate cut hopes and positive inflation data. Japan’s benchmark Nikkei 225 rose 0.23% in early trade, while the Topix index retreated 0.18%. South Korea’s Kospi advanced 0.67%, and the small-cap Kosdaq was up 0.2%. Over in Australia, the ASX/S&P 200 declined…
The Seoul skyline. Mongkol Chuewong | Moment | Getty Images Asia-Pacific markets traded mixed Friday, breaking ranks with Wall Street as investors also assessed a slate of economic data in the region. Japan’s Nikkei 225 slid 0.41%, while the Topix lost 0.39% after core consumer prices in Tokyo rose at a slower pace in August. The…
Dukai Photographer | Moment | Getty Images Asia-Pacific markets fell Wednesday, tracking Wall Street declines overnight, as investors parsed Japan’s trade data and awaited China’s loan prime rate decision. Japan’s exports dropped 2.6% year over year in July, notching their steepest drop in over four years. The fall was sharper than the 2.1% contraction expected by…
Australia unemployment rate eases to 4.2% in July Australia’s unemployment rate eased to 4.2% on a seasonally-adjusted basis in July, in line with estimates of economists polled by Reuters. The reading was lower than the 4.3% recorded in June, data released by the Australian Bureau of Statistics on Thursday showed. Meanwhile, the number of employed…
Chinese and Hong Kong stocks open flat Chinese and Hong Kong stocks were little changed Tuesday, as investors assessed the latest developments in U.S.-China trade relations. As of 9:45 a.m. local time (9:45 p.m. ET Monday), the Hang Seng Index moved down 0.1%, while mainland’s CSI 300 was flat. — Amala Balakrishner SoftBank Group shares surge 8% Shares…
Japan’s Topix hits all-time high Japan’s Topix index rose for the fourth consecutive session Friday and hit a record high of 3,031.78. The broad-based index had gained 1.42% as of 10 a.m. local time (9 p.m. ET Thursday), Gains were led by Nippon Chemical Industrial, which surged 23.06%, investment management firm Miyakoshi Holdings, which rose…
Asia-Pacific markets close mostly in the green Asia-Pacific markets closed mostly higher Thursday. Japan’s Nikkei 225 benchmark rose 0.65% to close at 41,059.15, while the Topix climbed 0.72% to 2,987,92. Over in South Korea, the Kospi index advanced 0.92% to end the day at 3,227.68, and the small-cap Kosdaq added 0.29% to close at 805.81….
Chinese and Hong Kong stocks fall in early trade Chinese and Hong Kong stocks started the day lower Monday, following declines in most of the other key Asia-Pacific markets. As of 9:40 a.m. local time (9:40 p.m. ET Sunday), the Hang Seng Index lost 0.23%, while mainland’s CSI 300 declined by 0.42%. — Amala Balakrishner Japan’s Nikkei 225…
Asia-Pacific currencies mostly depreciate against the greenback Asia-Pacific currencies mostly depreciated against the greenback on Friday after U.S. President Donald Trump modified tariff rates on several countries. The U.S. dollar index, which measures the greenback against six major currencies, rose 0.11% to 100.73 as of 10:40 a.m. Singapore time (10:40 p.m. ET Thursday). The Japanese…