AI Concerns Pressure Stocks as Oil Jumps – Asia Market Wrap
Asian equities fell as concerns over the AI rally resurfaced after major industry figures called for a slowdown in technology development. MSCI’s Asia Pacific index dropped 0.6%, while the Kospi slid 2.8%. SK Hynix and Samsung fell more than 3.5%, while SoftBank …
Oil Surge Sends Asian Stocks Lower Ahead of CPI – Asia Market Wrap
Asian stocks and bonds fell as oil prices surged, with investors awaiting Friday’s US inflation data for clues on whether the Federal Reserve will raise interest rates this month. The MSCI Asia Pacific Index dropped 1.7%, heading for its biggest decline in …
Asian Stocks Slip as Oil Fuels Rate-Hike Bets – Asia Market Wrap
Asian stocks fell, tracking losses on Wall Street, as higher oil prices stoked concerns over inflation and the prospect of tighter global monetary policy. Brent crude held above $101 a barrel. The MSCI Asia Pacific Index slipped 0.6%, with benchmark gauges in …
Asian Chips Rally as Oil Nears $100 on Middle East Tensions – Asia Market Wrap
Asian chip stocks extended their rally as continued enthusiasm for artificial intelligence outweighed growing concerns over escalating tensions in the Middle East. Oil prices climbed toward $100 a barrel as the conflict threatened further disruptions to global energy supplies. South Korea’s Kospi …
Yen Strengthens as BOJ Rate-Hike Bets Rise – Asia Market Wrap
The yen extended Monday’s rally to its strongest level since February as expectations for a Bank of Japan rate hike next week increased, while gains in South Korean chipmakers supported Asian equities. The yen strengthened as much as 1% to 152.89 per …
Asian Tech Stocks Rally as AI Optimism Lifts Chipmakers – Asia Market Wrap
Technology stocks led gains across Asia after US chipmakers rallied on Friday, while oil prices rose as the US and Iran exchanged attacks involving tankers in the Strait of Hormuz. The MSCI Asia Pacific Index gained 1.3%, led by South Korean chipmakers …
Stocks Rise as Fed Hike Expectations Ease – Asia Market Wrap
Global stocks extended gains as expectations for a Fed rate hike this month eased. MSCI’s Asia Pacific index rose 0.8%, helping push global equities higher for a third day after Fed’s Waller signaled support for keeping rates unchanged if inflation continues to …
Nasdaq Futures Fall, Asian Stocks Hold Gains – Asia Market Wrap
Asian stocks pared earlier gains as South Korean tech shares reversed, while Nasdaq 100 futures also slipped. The MSCI Asia Pacific Index trimmed an advance of as much as 1.2% to 0.2%, while the Kospi fell 1%. US economic activity increased modestly …
Stocks, Bonds Slide as Oil Rises on Iran Tensions – Asia Market Wrap
Stocks and bonds extended losses as renewed Middle East fighting pushed energy prices higher, reviving inflation concerns and expectations of tighter monetary policy. MSCI’s Asia Pacific Index fell 2% to a one-week low, while the MSCI All Country World Index dropped to …
Global Bonds Slide as Inflation Bets Drive Fed Hike Expectations – Asia Market Wrap
Global bonds sold off, pushing yields to multi-decade highs as rising inflation concerns drove up bets for a Federal Reserve rate hike this month. Oil also climbed as geopolitical tensions intensified. The 10-year Treasury yield rose three basis points to 4.78%, its …
