young man standing in front of the projection reflected stock market | Image Credits:Getty Images A rough week for tech stocks might signal a loss of investor confidence in artificial intelligence. The Wall Street Journal reports that the Nasdaq Composite Index was down 3% — making this its worst week since President Donald Trump announced…
Quantum computing stocks popped after reports the Trump administration is eyeing equity stakes. IonQ and Rigetti gained double digits, as traders chased the federal tailwind. Meanwhile, energy stocks climbed with crude, helped by fresh sanctions on Russia. Can the rally hold without stronger data support? With no major economic reports hitting the wires — thanks…
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….
The US Composite PMI rose from 55.1 in July to an 8-month high of 55.4 in August. Service providers hired at the fastest rate in seven months, while firms across both sectors reported higher import prices. Service sector price inflation reached its highest level since August 2022. August’s flash PMI numbers overshadowed jobless claims data….
Hong Kong stocks rose on Friday as investors awaited the outcome of the US Federal Reserve’s annual Jackson Hole meeting, while a JPMorgan report suggesting a rally in onshore Chinese stocks will continue acted as a catalyst. The Hang Seng Index added 0.3 per cent to 25,192.50 at 11.30am local time, paring the weekly loss…
Hang Seng Index Drops as Mainland Stocks Struggle for Direction The Hang Seng Index fell 0.31% to 24,824 in morning trading, pulling back from an early high of 24,955. Mainland China’s CSI 300 edged 0.04% lower, while the Shanghai Composite Index edged 0.06% higher. Overnight (August 5), US equity markets posted losses as investors reacted…