Page 4 - Asian Stocks

Asian shares rally as progress in US-Iran talks eases market jitters

Officials from Qatar and Pakistan also released ​a statement saying the first session of talks had concluded and progress was made on ​a roadmap to reach a final deal in 60 days

Asian shares fall in thin holiday trading after tech rally on Wall Street

Shares retreated Friday in Asia, with markets in Greater China closed for holidays. US futures declined as optimism over the US-Iran deal to end their war was dimmed by the postponement of high-stakes talks on reopening negotiations over Iran's nuclear program and getting oil moving through the Strait of Hormuz. US markets will be closed Friday for Juneteenth. Investor sentiment has also been hit by expectations that central banks including the Federal Reserve will raise interest rates to try to curb inflation. Tokyo's Nikkei 225 wavered between gains and losses and was little changed at 71,082.81. The government reported that consumer prices excluding volatile fresh foods was unchanged, but analysts said it would likely pick up in coming months despite higher fuel costs. Higher inflation was a factor driving the Bank of Japan to raise its benchmark interest rate earlier this week to a three-decade high of 1% as it gradually adjusts its policies after years of near-zero or negativ

Asian stocks steady, oil prices lower after US and Iran sign peace deal

Both countries released the text of ​the agreement, which had already circulated widely before its contents were published

Asian markets advance as BOJ raises rates; Nikkei briefly tops 70,000

Early trading in the region followed a familiar pattern, with markets settling into a more measured tone ‌on Gulf developments as the initial excitement over the deal between US-Iran began to fade

Asian shares jump, oil prices fall as Iran-US peace deal boosts sentiment

Markets had already priced in a likely deal but the confirmation was enough to send Brent crude falling 4 per cent to $83.80 a barrel, well away from its May peak of $126.41

Asian shares surge, oil dips after Trump claims progress in Iran war talks

Asian shares climbed sharply on Friday, tracking big Wall Street gains, and oil prices slipped after US President Donald Trump claimed there was a breakthrough in talks to end the Iran war. US futures edged higher. South Korea's Kospi jumped 7.8 per cent to 8,370.82, narrowing losses from earlier this month from sell-offs of shares related to artificial intelligence. The Kospi has roughly doubled over the past six months, with a record closing high of 8.801.49 on June 2. Samsung Electronics, South Korea's most valuable company, advanced 11.2 per cent. Computer chipmaker SK Hynix rose 7.2 per cent. Tokyo's Nikkei's 225 gained 3.5 per cent to 66,442.95, also led by gains for technology stocks. SoftBank Group, a multinational investment holding company with a strong AI focus, was up 2 per cent. Chip equipment maker Tokyo Electron jumped 10.3 per cent. Hong Kong's Hang Seng gained 1.8 per cent to 24,689.32 and the Shanghai Composite index rose 1.6 per cent to 4,050.51. In Australia,

How Asia's locked-out investors are trading SpaceX IPO with limited access

Investors across Asia are turning to space-related stocks, sector ETFs and Nasdaq 100 funds to gain indirect exposure to potential gains from the SpaceX IPO

Asian shares decline after another AI-led sell-off drags Wall Street lower

Shares are mostly lower in Asia following another sell-off of artificial-intelligence stocks that dragged the US market sharply lower. US futures advanced and oil prices gained more than USD 1 a barrel. Tokyo's Nikkei lost 0.5 per cent to 63,878.60, while the Kospi in South Korea was also down 0.2 per cent, at 7,720.75. Hong Kong's Hang Seng edged 0.2 per cent higher, to 24,468.82, but the Shanghai Composite index fell 0.2 per cent to 3,983.80. In Australia, the S&P/ASX 200 likewise shed 0.2 per cent to 8,632.50. Taiwan's Taiex slipped 0.4 per cent. On Wednesday, Wall Street's former superstars continue to face heavy scrutiny. The S&P 500 dropped 1.6 per cent for its first back-to-back drop in three weeks. Closing at 7,266.99, it's back to where it was in early May. The Dow Jones Industrial Average tumbled 953 points, or 1.9 per cent, to 49,918.78. The Nasdaq composite led the market lower with a 2 per cent slide, to 25,169.50. Wall Street has been shaky since last week, when

Asian stocks slide, oil prices up amid escalating tensions in West Asia

Oil prices climbed about 1 per cent in early trade, moving away from a seven-week low touched in the previous session in the wake of the fresh US attacks

Asian stocks make tentative bounce after Israel, Iran halt attacks

Japan's Nikkei inched up 0.3 per cent, after losing 3.9 per cent the previous session, while MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.9 per cent

Asian markets tumble as AI rally cools, oil jumps on West Asia tensions

The Nasdaq had dropped 4.2 per cent on Friday after a hot jobs report ramped up expectations for Federal Reserve interest rate hikes

Asian stocks tumble as AI rally pauses, US-Iran peace talks stall

An AI-driven rally that boosted stocks earlier in the week fizzled out as chipmaker Broadcom reported underwhelming results

Asian shares fall after Wall Street retreat; oil eases from recent surge

Asian shares retreated on Thursday following declines on Wall Street that snapped a nine-day winning streak for the S&P 500. Oil prices fell back after surging Wednesday as renewed fighting threatened the US-Iran ceasefire. Early Thursday in Asia, Brent crude was USD 1.17 lower at USD 96.64 per barrel, while benchmark US crude oil shed USD 1.08 to USD 94.94 per barrel. Oil prices had climbed a day earlier after both the United States and Iran said they launched retaliations for earlier attacks or attempted ones. In share trading, Japan's Nikkei 225 shed 1.9% to 67,101.83 as traders sold technology stocks to lock in gains. Energy and technology giant SoftBank Group slumped 10.4%, while Shin-Etsu Chemical dropped 3.8%. Hong Kong's Hang Seng lost 1.3% to 25,299.29, and the Shanghai Composite index fell 0.4% to 4,067.46. In South Korea, the Kospi sank 1.7% to 8,651.87, while Australia's S&P/ASX 200 declined 1.5% to 8,657.40. On Wednesday, the S&P 500 fell 0.7% from its ...

Asian stocks slide as West Asia ceasefire doubts offset AI optimism

MSCI's broadest index of Asia-Pacific shares outside Japan ​fell 0.6 per cent, having fluctuated between gains and losses as trading commenced

Asian stocks count on AI boom despite West Asia crisis, rising oil prices

Asian share markets remain underpinned by demand for semiconductors and AI-related gear, with Japan's Nikkei up a further 0.5 per cent, having risen almost 5 per cent last week to all-time highs

SpaceX, OpenAI windfall fuels fresh bets on next-wave Asian AI winners

The listings of SpaceX, OpenAI and Anthropic may mean a total of $70 billion in AI spending on top of the more than $750 billion already committed by the biggest hyperscalers

Asian shares turn cautious as fresh US strike on Iran lifts oil prices

It also took a little steam out of the tech-driven bull run in stock markets, with Japan's Nikkei easing 0.2 per cent, while South ‌Korean shares went flat

Asian shares climb as markets eye US-Iran talks, central bank moves

Brent crude ​traded near $100 per barrel, and the greenback held gains from the previous ​session after Iran said the US had violated a ceasefire

Asian shares, oil prices mixed as US strikes in Iran cloud peace talks

Shares were mixed Tuesday in Asia after the US military said it carried out what it called "self-defence" strikes in southern Iran, including on missile launch sites and boats placing mines. The attacks came even as President Donald Trump said on social media that negotiations on ending the war were "proceeding nicely." US futures jumped. Oil prices were mixed, with Brent crude trading below USD 95 a barrel. The US military said the strikes Monday were done "to protect our troops from threats posed by Iranian forces." It said it used restraint due to the ceasefire with Iran, which gave no official response. Further details were not immediately available, including more specifics on threats from Iran and what this means for negotiations. With the status of peace talks with Iran unclear, markets have been swayed by various developments and comments by Trump. "Markets are behaving as though a full Iran breakthrough already exists, even though the hardest parts of the negotiation rema

Asian shares rise, oil dips after Trump says Iran talks progressing

Asian shares mostly rose Monday and oil prices plunged after US President Donald Trump said talks on ending the war with Iran are progressing. Japan's benchmark Nikkei 225 surged 3.1 per cent in morning trading to 65,321.56. Australia's S&P/ASX 200 added 0.4 per cent to 8,692.70. The Shanghai Composite edged up 0.4 per cent to 4,127.53. Trading was closed in South Korea and Hong Kong for holidays marking Buddha's birthday. Trading will be closed in the US on Monday for Memorial Day. Trump said negotiations with Iran were "proceeding in an orderly and constructive manner." Meanwhile, regional officials told The Associated Press on Sunday that the United States is close to reaching a deal with Iran that would end the war, reopen the Strait of Hormuz and see Iran give up its stockpile of highly enriched uranium, Reopening the Strait of Hormuz will help decide the direction of oil prices. The closure has prevented oil tankers from exiting the Persian Gulf and delivering crude to ...