Asian Shares

Asian shares climb as Fed rate hike fears ease ahead of US jobs data

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 markets tumble as US-Iran fighting lifts oil and bond yields

Brent crude futures extended gains into a second day as trading resumed in Asia, rising 0.7 per cent to $95.34 a barrel after the US launched a barrage of airstrikes on Iran

Asian shares slide as US-Iran fighting lifts oil; rate hike bets rise

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

Asian stocks gain for third day as Nvidia earnings beat estimates

MSCI's broadest index of Asia-Pacific shares excluding Japan was up 0.7 per cent, on track to ‌extend gains into a third consecutive day after Nvidia reported that quarterly revenue more than doubled

Asian stocks rise as oil prices fall on hopes for Hormuz reopening

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

Asian shares slip as tech stocks weigh ahead of key Nvidia results

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

Asian shares flat ahead of expected US sanctions on Iran, Nvidia results

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

Asian shares head for weekly fall as global bond market stress persists

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 rise, South Korea's Kospi jumps 6% after Wall Street gains

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

Asian shares slide, South Korea's Kospi down 5.2% as AI stocks fall

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 .

Asian shares mark time as West Asia war keeps oil prices elevated

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

Asian stocks rise as US inflation data dents Fed's September rate hike bets

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

Oil prices rise as Brent tops $88, Asian stocks drift on US-Iran stalemate

MSCI's broadest index of Asia-Pacific shares outside Japan swung between losses and gains and was last up 0.2 per cent while South Korea's Kospi rose 0.3 per cent

Asian stocks edge higher as Nikkei, Kospi gain on softer US jobs data

Japan's Nikkei followed that lead and rose 0.6% on Monday, while South Korea added 0.5%

Kospi down 4% as Asian shares fall on tech pullback; oil prices steady

Tech stocks led losses across Asia after Wall Street's AI-driven rally lost steam, while oil prices held in a narrow range as investors weighed prospects for an Iran peace deal

Asian shares jump as tech rally, lower oil prices lift market sentiment

Japan's Nikkei climbed 3.0% and South ​Korea added 3.4%, continuing its run of wild swings

Asian markets edge higher on Wall Street lead, oil remains steady

MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.1%, led ‌by South Korean shares rallying as much as 2.1%

Asian stocks mixed as yen jumps against dollar, crude prices fall

Asian shares were mixed Monday after the US and Japan confirmed they had acted to prop up the value of the Japanese yen against the US dollar, causing the yen to rise to its highest level since late last year. Oil prices fell sharply after US President Donald Trump said he would order US forces to refrain from attacks against Iran, claiming a deal to end the fighting in the Middle East was close. The dollar fell as low as 155.20 against the yen after Trump and Japanese officials confirmed they had intervened last week to curb the US currency's rise to 40-year highs against the yen. Last week it was trading near 164 yen. A weak yen helps to boost the profits of Japanese companies with big operations overseas, increasing their value in yen terms. It also has drawn foreign tourists who have enjoyed their strong purchasing power in Japan. But a cheap currency also weakens Japan's purchasing power overall, pushing up costs for the imports of oil and other goods needed to run its ...

Asian markets rally as AI stocks rebound, Kospi surges more than 15%

South Korea's Kospi index jumped more than 15 per cent on Friday, tracking Wall Street gains, as artificial intelligence-related stocks bounced back after losses this week. US futures edged higher, and oil prices rose. In early Asian trading, the Kospi rose 15.3 per cent to 6,447.10. Shares of South Korean technology giant Samsung Electronics surged 21.5 per cent, while memory chipmaker SK Hynix soared 25.6 per cent. The Kospi index had plummeted more than 16 per cent on Tuesday and Wednesday on a sell-off of technology stocks in part over worries about an AI bubble and rising intensive competition from chipmaking rivals in China. Tokyo's Nikkei 225 also climbed 5 per cent in early Friday trading. Multinational investment holding company and OpenAI-investor SoftBank Group jumped 14.7 per cent, while chip equipment maker Tokyo Electron rose 9.3 per cent. Oil prices traded higher on tensions between the US and Iran, and as the Strait of Hormuz, a key waterway for oil transport, rema

Asian stocks choppy after rout, Fed leaves markets uncertain on rates

Asian chipmakers have been the centre of attention this week after a deep selloff in South Korean stocks that wiped more than $2 trillion from the country's equity market rocked markets