Nikkei Rises 1.1% for Second Day as SK Hynix Blowout Earnings Revive AI Trade, but Most Tokyo Stocks Fall
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The most comprehensive index, Topix, which includes companies in the main segment — those with the highest capitalisation — recorded a drop of 0.14%, or 5.66 points, closing at 3,991.71 units.
Stock Markets Today: Asia Fired Up, Europe Cautious U.S Fixated on Fed and Earnings
Asian stock markets rose Wednesday, mostly thanks to strong gains in tech and semiconductor companies. European markets were more cautious, and U.S. futures suggested a mixed open, with investors waiting for the Federal Reserve’s policy announcement and major tech earnings. Markets traded carefully worldwide. U.S. Treasury yields stayed high, hovering near 5%, and investors awaited upcoming central bank interest rate decisions globally. Asia’s A…
Nikkei Rises 1.1% for Second Day as SK Hynix Blowout Earnings Revive AI Trade, but Most Tokyo Stocks Fall
Japan's Nikkei 225 gained 1.08% after strong SK Hynix earnings lifted AI-related shares, while investors awaited central bank decisions and assessed currency and earnings risks.
The main index of the Tokyo Stock Exchange, Nikkei, closed today to rise 1.08%, driven by renewed optimism in relation to artificial intelligence (AI), which contributed to the high closure of Wall Street in the previous session. The indicator rose 685.82 points, closing at 63.954.19 points.
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