US EditionAsia stocks rally as Nikkei jumps, chip sector rebounds
Takaichi’s win fuels expectations of fiscal stimulus and tax cuts, lifting Nikkei 4.4% to record highs amid chip stock rebounds and bets on U.S. Federal Reserve rate cuts.
- On Monday, Japan's Nikkei surged 4.4% to record highs after Takaichi's win, while Nvidia, AMD, and Broadcom jumped nearly 8%, over 8%, and 7%.
- Rising two-year yields reached 1.3%, their highest since 1996, as analysts said debt-funded expansionary policies could pose fiscal risks, market strategists added.
- Regional indices also rallied as MSCI's broadest index of Asia-Pacific shares outside Japan rose 2.2% and South Korea's tech-heavy index climbed 4.3%, while silver swung sharply before ending at $81.03 and gold gained 0.8% to $5,000 after plunging to $4,403.
- U.S. data this week must be benign enough to keep rate-cut bets alive, but any downside misses could lower the dollar and Treasury yields, with the yen and pound facing separate pressures.
- The four largest U.S. tech giants plan to spend $650 billion in capex this year, while analysts wrote that investors rotate from AI spenders to beneficiaries, shifting market leadership.
47 Articles
47 Articles
San Diego Union Tribune
US stocks drift as gold, silver and bitcoin stabilize
By STAN CHOE, AP Business Writer NEW YORK (AP) — U.S. stocks are drifting in mixed trading Monday, a downshift following bursts higher for stocks in Asia earlier in the day and Wall Street’s own rally to close last week. The S&P 500 rose 0.5% and inched closer to its record set two weeks ago. The Dow Jones Industrial Average was down 13 points, or less than 0.1%, as of 11:30 a.m. Eastern time, and the Nasdaq composite was 1% higher. The relative…
Ottumwa Courier
US stocks drift after big rallies that began in Asia run out of momentum
U.S. stocks are drifting in early trading, a comedown following bursts higher for stocks in Asia earlier in the day and Wall Street’s own rally to close last week. The S&P 500 slipped 0.2% Monday. The Dow Jones Industrial Average…
Stocks rise as investors get respite from AI rout, focus on key US data
SYDNEY/LONDON - Global equities rallied on Monday, taking heart from a rebound in U.S. chip stocks and other beaten-down assets after a volatile week, while Japanese Prime Minister Sanae Takaichi's resounding election win pushed Tokyo shares to a record high.
The Elkhart Truth
Tokyo stocks hit record high after Japanese premier wins vote
Japanese stocks surged to a record high Monday as investors cheered Prime Minister Sanae Takaichi's victory in a snap parliamentary election, helping sentiment across Asia after a strong Wall Street finish ahead of the weekend.
Asia stocks rally as Nikkei jumps, chip sector rebounds
Asian markets jumped as a resounding win for Japanese Prime Minister Sanae Takaichi whetted appetites for more reflationary policies, while there was widespread investor relief at a last-gasp rebound in U.S. chip stocks.
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