Shares rallied Thursday across Asia, tracking gains on Wall Street after pressure from the bond market eased and oil prices fell back. The advance was also powered by a stronger-than-expected quarterly report from chipmaker Nvidia, whose profit rocketed more than 200% higher in the February-April quarter from a year earlier, while revenue jumped 85%. Nvidia has been one of the biggest beneficiaries from the boom in artificial intelligence, thanks to powerful demand for its high-end AI chips. Its shares rose 1.3% on Wednesday before its earnings report was released, but they fell 1.3% in afterhours trading after the announcement. South Korea's Kospi soared 8% to 7,787.74, helped by strong buying of technology shares such as Samsung Electronics, which gained 7.5% after its labour union and management reached an agreement late Wednesday that averted a strike. Shares in SK Hynix, a computer chipmaker partnering with Nvidia, surged 11.3%. The Kospi has been breaching records, recently .
Japan's Nikkei 225 lost 0.6% in morning, erasing initial gains after the government reported that the economy grew for the 2nd straight quarter in Jan-Mar due to better than expected consumer spending
Japan's Nikkei eased 0.4 per cent, having fallen 2 per cent last week, though that was from record highs
Japan's Nikkei also dropped 1.2 per cent as data showed the country's wholesale inflation accelerated to 4.9 per cent in April, the fastest pace in three years
Japan's Nikkei was perched at a new all-time peak with data showing AI-linked demand partly helped lift earnings for Japanese firms
MSCI's broadest index of Asia-Pacific shares outside Japan slipped 0.6 per cent, down for a second day as Korean shares fell as much as 3.2 per cent before rebounding
Japan's Nikkei fell 0.3 per cent, erasing earlier gains; South Korea's chipmaker-heavy KOSPI index rose 5 per cent
Shares in South Korea and Taiwan have rallied the most in the world this month, with the surge in the Kospi index taking it up 78 per cent for the year
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President Donald Trump said the US would begin an effort to free up ships stranded in the Strait of Hormuz on Monday morning, but gave no details of the plan
Market holidays limited the reaction across Asia on Friday, with the Nikkei up 0.4 per cent and Australian shares adding 0.7 per cent
Sensex Today | Stock Market Highlights, Thursday: In the broader markets, the Nifty MidCap and the Nifty SmallCap ended 0.98 per cent and 0.48 per cent down, respectively
MSCI's broadest index of Asia-Pacific shares outside Japan slid 1 per cent on Thursday, but was still set for a 15 per cent gain this month
Stocks mostly advanced in Asia on Wednesday despite losses on Wall Street, while oil prices fell after the United Arab Emirates said it would leave OPEC in a blow to the powerful oil cartel. US futures edged higher. Markets in Japan were closed for a holiday. Elsewhere in Asia, South Korea's Kospi rose 0.3 per cent to 6,657.40 and the Hang Seng in Hong Kong gained 1.4 per cent to 26,029.02. The Shanghai Composite index traded 0.3 per cent higher at 4,091.01. Australia's S and P/ASX 200 slipped 0.3 per cent, to 8,689.50. Taiwan's Taiex lost 0.6 per cent, and India's Sensex gained 0.4 per cent. The price of a barrel of Brent crude oil to be delivered in June fell 0.5 per cent to USD 110.71 early Wednesday. Brent to be delivered in July dropped 0.6 per cent to USD 103.74. Brent oil was around USD 70 per barrel before the war began in late February. Benchmark US crude fell 0.6 per cent to USD 99.32 a barrel. The UAE's departure from OPEC, due to happen on Friday, has been closely w
MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.12 per cent, hovering near the record high it touched on Monday
Shares were mixed in Asia, and Tokyo's Nikkei 225 index hit a fresh record Monday after US stocks ended last week with new highs. The price of oil gained more than USD 1 as talks on ending the war with Iran hit more snags. The White House cancelled plans to send envoys to Pakistan for more negotiations, and US President Donald Trump cited a lack of progress. "If they want, we can talk, but we're not sending people," Trump told Fox News on Sunday. He said earlier on social media: "All they have to do is call!!!" This week will bring decisions on interest rates by top central banks, including the Federal Reserve, the European Central Bank, the Bank of Japan and the Bank of England. In Tokyo, the Nikkei 225 surged 1.4 per cent to 60,564.18, touching new intraday highs. The Kospi in South Korea jumped 2.1 per cent to 6,617.94. Hong Kong's Hang Seng index edged 0.1 per cent lower to 25,951.86, and the Shanghai Composite index was up 0.2 per cent at 4,089.04. Australia's S&P/ASX 200 ..
SURAT, India, April 24 (Reuters) - A surge in fossil fuel prices since the Iran war is squeezing polyester suppliers and garment makers across India and Bangladesh, threatening to raise costs for fast-fashion retailers like Zara and H&M.
The mixed showing underscored the tense market mood as investors this week seesawed between hope for an imminent end to the war and fear that it might not come soon