In calendar year 2025, the index rose 75 per cent as investors rushed to buy into the artificial intelligence (AI) frenzy, helping post back-to-back records
South Korea's KOSPI gauge recovered its steep losses in the prior session following a rally on Wall Street on hopes the United States and Iran will seek an off-ramp from hostilities
The Kospi Index plunged another 12% following a 7.2% drop in the previous session, as heavyweights Samsung Electronics Co., SK Hynix Inc. and Hyundai Motor Co. tumbled
Shares in Seoul dived 4 per cent to take two-day losses beyond 11 per cent as fast-money and foreigners bailed out of a market that had soared on memory chipmakers' vast AI-driven profits
Asian shares mostly declined and oil prices surged higher Tuesday as investors eyed risks to the region's energy supply because of the Iran war. Shares in South Korea sank 4.8% as markets reopened after a holiday on Monday, to 5,946.06. Benchmark US crude rose 77 cents to $72.00 a barrel. Brent crude, the international standard, added $1.10 to $78.84 a barrel. They jumped Monday then fell back although still at higher levels than before due to worries that the war could clog the global flow of crude. Japan's benchmark Nikkei 225 sank 2.1% to 56,853.48. Like other resource-poor countries in the region, Japan could be especially hit by the lack of access to the Strait of Hormuz since much of its oil and natural gas is shipped through there. However, analysts say Japan has a sizable stockpile lasting more than 200 days and so the threat is not immediate. Japanese energy stocks plunged, with Eneos Corp. down nearly 6% and Idemitsu Kosan down nearly 4%. Defense-related issues, which ha
Japanese shares followed Wall Street lower after what appeared to be glowing results from AI sector bellwether Nvidia failed to impress investors
Nvidia on Wednesday forecast first-quarter revenue above market estimates, betting on Big Tech's unabated spending on its AI processors
Asian shares mostly rose in Wednesday morning trading, with Japan's benchmark hitting a record high, as investors were cheered by an overnight Wall Street rally that seemed to reflect optimism about the artificial-intelligence boom. Japan's benchmark surged 1.3% to 58,081.62. That came despite China's move the previous day to restrict exports to 40 Japanese companies and organisations it says are contributing to Japan's "remilitarisation". The reaction was varied with the prices of some listed companies rising, like Subaru Corp and Mitsubishi Materials Corp, while others slipped, including Eneos Corp and Sumitomo Heavy Industries. Analysts said the declining yen worked to boost export shares, such as Honda Motor Co and Panasonic Corp. The US dollar slipped to 155.78 Japanese yen from 155.83 yen. The dollar traded close to 160 yen levels several months ago. The euro cost $1.1784, up from $1.1779. Australia's S&P/ASX 200 jumped 1.1% to 9,122.50. South Korea's Kospi surged 1.7% to ...
Tokyo's Nikkei 225 rose 0.8 per cent and China's CSI 300 gained 1.3 per cent as markets there played catch-up after a holiday
Oil prices eased ahead of another round of talks between the United States and Iran due in Geneva on Thursday, with the risk of US military strikes lingering if a deal is not done
Trading was thinned in Asia with markets in Hong Kong, China and Taiwan closed for the Lunar New Year holiday, but MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.5 per cent
Mainland China, Hong Kong, Singapore, Taiwan and South Korean were among markets closed for Lunar New Year holidays
Mainland Chinese, Hong Kong, Singapore, Taiwan and South Korea markets were closed on Tuesday for Lunar New Year holidays. US markets were shut on Monday for Presidents' Day
Japan on Monday reported its economy grew a miserly 0.1 per cent annualised in the December quarter, far below the 1.6 per cent gain forecast as government spending dragged on activity
Asia shares were trading mostly lower Friday, tracking sharp Wall Street losses on a sell-off of technology-related stocks that investors fear could lose out from artificial intelligence disruptions. U.S. futures were mostly unchanged. Tokyo's Nikkei 225 fell 0.8 per cent to 57,165.13 on Friday, after it passed the 58,000 mark for the first time early Thursday. SoftBank Group, which has a focus on AI, fell 6.8 per cent even as the company reported a quarterly profit Thursday building on its investments in OpenAI, among other gains. South Korea's Kospi rose 0.4 per cent to 5,545.49, after crossing 5,500 on Thursday, driven by gains in technology-related stocks. Samsung Electronics, the Kospi's largest listed company, was up 1.2 per cent. Hong Kong's Hang Seng fell 1.8 per cent to 26,547.97. The Shanghai Composite index was down 0.7 per cent to 4,105.04. In Australia, the S&P/ASX 200 traded 1.4 per cent lower at 8,919.30. On Thursday, Wall Street saw sharp losses as AI worries ...
Asia shares were mostly higher Thursday and benchmarks in Japan and South Korea reached new records after Wall Street wobbled following a better-than-expected US job report. US futures edged higher. Tokyo's Nikkei 225 surpassed the 58,000 mark early in the session as trading resumed after a holiday. However, it gave up those gains, edging just 10 points lower to 57,639.84. Japanese shares have rallied following Prime Minister Sanae Takaichi's landslide victory in a parliamentary election on Sunday, as investors expect more policies to help spur economic growth. South Korea's Kospi breached the 5,500 mark for the first time, driven by gains for technology-related stocks. It was up 3.1 per cent at 5,522.27. Samsung Electronics, South Korea's biggest listed company, rose 6.4 per cent. Chipmaker SK Hynix added 3.3 per cent. Hong Kong's Hang Seng fell 0.9 per cent to 27,028.67. The Shanghai Composite index edged 0.1 per cent higher, to 4,140.59. In Australia, the S&P/ASX 200 picked u
Shares were moderately higher in Asia on Wednesday after US stocks drifted to a mixed finish following a discouraging report on how much money US retailers made during the holidays. US futures edged higher and prices of gold, silver and oil also advanced. Markets were closed in Japan for a holiday. Chinese markets crept higher, with the Hang Seng in Hong Kong up 0.3% at 27,265.52. The Shanghai Composite index added 0.3% to 4,139.56. In South Korea, the Kospi extended its gains, risig to 5,346.34. Australia's S&P/ASX 200 climbed 1.5% to 8,999.20, while Taiwan's Taiex jumped 1.7%. On Tuesday, stocks drifted on Wall Street following a mixed set of profit reports from big US companies. Hopes rose that the Federal Reserve will cut interest rates later this year to boost the economy following a discouraging report on US shoppers' appetite for spending. "Fresh data points to softening US consumer momentum since last December as wage growth cools and household credit stress builds," ...
Treasury Secretary Scott Bessent said on Monday that senior US Treasury staff visited China last week "to strengthen channels of communication" between Washington and Beijing
Japan's Nikkei surged 4.2 per cent to all-time highs, with investors expecting increased spending and tax cuts
US futures and Asian shares traded mostly lower on Friday, tracking Wall Street's losses as technology stocks again dragged on markets. Bitcoin sank to roughly half its record price, giving back all it gained since US President Donald Trump won the White House for his second term. Tokyo's Nikkei 225 was up 0.5 per cent to 54,073.52, recovering from losses earlier this week, with technology-related stocks leading gains. SoftBank Group rose 1.9 per cent, and chipmaker Tokyo Electron rose 3 per cent. Japan will also be holding its general election on Sunday, in which Prime Minister Sanae Takaichi expects to win a stronger public mandate for her policies. South Korea's Kospi lost 1.7 per cent to 5,076.69, weighed down by tech shares. Samsung Electronics, the country's biggest listed company, fell 0.9 per cent. Chipmaker SK Hynix was down 0.6 per cent. Hong Kong's Hang Seng fell 1.2 per cent to 26,569.14. The Shanghai Composite index was flat at 4,075.37. In Australia, the S&P/ASX 200