Asian Markets

SoftBank, Kioxia, SK Hynix and other AI-linked stocks fell in Asian trade after Anthropic's Dario Amodei, Elon Musk and Sam Altman backed calls to slow AI development

The loss of Qatari LNG supplies through the Strait of Hormuz has sharply raised costs for Asian emerging markets

With shipping through the strait and the Bab el-Mandeb under threat, analysts fear oil prices could stay elevated for a lengthy period, stoking inflation globally

Korea Exchange will extend trading in nearly all local stocks until 8 pm, seeking to boost foreign participation

MSCI's Asia-Pacific index fell 1 per cent, while Japan's Nikkei and South Korea's KOSPI dropped more than 1 per cent as investors weighed higher oil prices and the outlook for US monetary policy

Japan's ​Nikkei 225 fluctuated between gains and losses before edging up 0.2%, as the yen jumped ‌as much as 0.6% to 153.51, its strongest level since February 18

In Asia, enthusiasm for tech stocks saw Japan's Nikkei rebound 2.2 per cent, after losing a similar amount last week, while South Korea rallied 3.1 per cent

Asian shares rose as investors awaited key US jobs data, while the yen rallied 2.6% this week after Fed Governor Christopher Waller eased fears of a rate hike

Asian stocks fell as renewed US-Iran fighting pushed Brent crude above $90 a barrel, while hawkish Fed signals lifted bets on a September rate hike

Stocks to watch today: IT services major HCLTech said it had collaborated with chemicals and biotechnology company Wacker Chemie to set up its global capability centre (GCC) in Pune.

Investors awaited Nvidia's second-quarter earnings later in the day, with the focus on whether the massive AI spending boom is sustainable and can turn profits that will satisfy markets

The tech sector is holding its breath for Nvidia's results ‌on Wednesday; investors are aware how hard it will be for the chipmaker to meet lofty expectations

Stocks to watch today: Hindustan Copper OFS will be launched by the government today, while TCS has signed an agreement with Porsche.

The ​entire tech sector is holding its breath for Nvidia's results on Wednesday; investors are aware how hard ​it will be for the chip maker to meet stratospheric expectations

Yields on US ​Treasuries had resumed their climb after Wednesday's surprise intervention by Treasury brought barely a day of relief from selling

Asian shares advanced Thursday, tracking Wall Street gains, and South Korea's benchmark Kospi jumped more than 6 per cent. US futures edged higher after the Treasury Department said it would at least double the size of planned purchases of longer-term government debt. That could ease pressure on share prices emanating from the bond market since the purchases would push bond prices higher, helping to bring down yields. The Kospi surged 6.1 per cent to 6,858.91 after sinking 5.8 per cent on Wednesday on renewed selling of shares related to artificial intelligence. Samsung Electronics jumped 9.7 per cent, while memory chipmaker SK Hynix surged 14.1 per cent after the company announced a significant share buyback plan. Japan's Nikkei 225 gained 1.3 per cent to 66,178.26, reversing declines earlier in the week. Japan reported it logged a trade deficit for a third straight month in July, as both imports and exports hit record highs. Shares of OpenAI investor SoftBank Group, a Japanese

Shares slipped Wednesday in Asia after Wall Street pulled further from its all-time high as artificial-intelligence stocks resumed their decline. South Korea's Kospi led the regional retreat, dropping 5.2 per cent to 6,515.97. The two biggest companies benefiting from the AI boom tracked losses for their US rivals. Samsung Electronics shed 6.9 per cent, while memory chipmaker SK Hynix tumbled 7.9 per cent. In Tokyo, the Nikkei 225 sank 2.6 per cent to 65,703.78. The Hang Seng in Hong Kong lost 0.4 per cent to 25,382.66, while the Shanghai Composite index shed 1.5 per cent to 3,927.70. Taiwan's Taiex fell 1.4 per cent, and Australia's S&P/ASX 200 slipped 0.4 per cent to 9,083.70. Apart from renewed jitters over criticism that AI-related stocks have shot too high, rising oil prices also were clouding market sentiment. Crude prices have been swinging sharply due to uncertainty about when and whether the United States and Iran can reach a deal to allow oil tankers to exit the Persian .

On Monday, MSCI's broadest index of Asia-Pacific shares outside Japan was flat, while Japan's Nikkei edged 0.4% higher

Asian equities gained after US consumer prices rose in line with expectations, while oil prices held near $80 a barrel amid a standoff between Washington and Tehran

Sensex Today | Stock Market LIVE Updates Wednesday: The GIFT Nifty, an early performance indicator of the benchmark Nifty50's performance, was trading with marginal gains