Tokyo's Nikkei 225 index tops 68,000 for the 1st time as Wall Street logs more records
Semiconductor and AI-related shares led gains as investors bet on strong profits and heavy capital spending by tech firms.
- On Wednesday, Japan's Nikkei 225 index topped 68,000 for the first time, driven by global investor buying of artificial intelligence technology shares.
- Marvell Technology leaped 32.5% after CEO Jensen Huang suggested it could be the next trillion-dollar company, while Hewlett Packard Enterprise soared 19.5% on strong profit reports driven by artificial intelligence demand.
- So-Called "hyperscalers," including Alphabet and Google, are spending massive amounts to build huge artificial intelligence data centers; Generac climbed 5.7% after signing a deal to provide backup power generators.
- The Dow Jones Industrial Average added 0.4% to 51,307.79, and the Nasdaq composite edged up less than 0.1% to 27,093.90, while the dollar briefly surpassed 160 Japanese yen.
- Brent crude oil climbed $1.03 to $97.03 per barrel early Wednesday, remaining well above the roughly $70 level observed before the war.
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At the same time, oil prices rose by more than $2 per barrel
The Nikkei 225 average stock price (Nikkei Index), the benchmark for the Tokyo stock market, surpassed the 68,000 mark for the first time in history, driven by gains in semiconductor-related stocks. On the 3rd, the Nikkei Index closed at 68,402.13, up 1,667.89 points (2.5%) from the previous day, marking an all-time high. The TOPIX, a composite stock price index based on the Tokyo Stock Exchange's market capitalization that reflects the entire m…
Asian tech shares rally past Middle East tensions; Nikkei climbs to re
Asian equities pushed higher on Wednesday, sustained by robust momentum across the technology sector and unyielding optimism surrounding artificial intelligence. The broad regional gains allowed markets to comfortably brush off macro concerns
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