By Alun John and Stella QiuThe dollar eased on Thursday ahead of U.S. jobs data that could either support or challenge market expectations of a Fed interest rate hike this year, while oil prices slid again and chipmaker stocks struggled after a stellar quarter.Money market pricing currently indicat…
By Patrick O'Donnell and Callum KeownGlowing praise from President Donald Trump has often helped stocks higher. But it's not helping Micron at all.The memory-chip maker was falling again ahead of the open Thursday after a sharp 10.6% drop in the previous session.Trump's support isn't the reason for…
By Vivek Kumar MIndian shares rose on Thursday, outperforming broader Asia as lower oil prices and a rebound in information technology stocks helped shield the market from a global selloff in AI stocks.The benchmark Nifty 50 NSE:NIFTY rose 0.71% to 24,175.7, while the BSE Sensex BSE:SENSEX climbed…
By Kwanwoo JunShares of Samsung Electronics and SK Hynix, the world's two largest memory-chip makers that together account for more than half of South Korea's Kospi, slumped on Thursday, dragging the benchmark index sharply lower and prompting regulators to halt trading to calm the market.The Kospi…
By Kwanwoo JunShares of Samsung Electronics and SK Hynix, the world's two largest memory-chip makers that together account for more than half of South Korea's Kospi, slumped on Thursday, dragging the benchmark index sharply lower and prompting regulators to halt trading to calm the market.The Kospi…
By Alun John and Stella QiuThe dollar eased on Thursday ahead of U.S. jobs data that could either support or challenge market expectations of a Fed interest rate hike this year, while oil slid again and chipmaker stocks struggled after a stellar quarter.Money market pricing currently indicates expe…
BEIJING (dpa-AFX) - Asian stocks retreated on Thursday as AI-related concerns triggered a sharp sell-off in semiconductor shares.South Korea and Japan experienced acute selloffs after reports emerged that Apple Inc. is in negotiations to purchase chips from two Chinese semiconductor makers on a Pen…
By Sherry QinAsian stocks ended mostly lower, with South Korea, one of the region's biggest beneficiaries of the global artificial-intelligence boom, leading losses on concerns over the sustainability of spending in AI infrastructure.After triggering two circuit breakers last week, South Korea's Ko…
Singapore bank DBS SGX:D05 and Samsung Securities KRX:016360 said on Thursday they have signed a preliminary deal to explore a wealth management partnership aimed at giving clients wider access to investments in South Korea and global markets.Here's more details from the joint statement:
Yonhap News Agency reported that South Korean stocks plunged nearly 8 percent Thursday, dragged down by a sharp sell-off in semiconductor shares as investor sentiment soured amid renewed concerns over excess AI capacity. The benchmark Kospi plunged 655.32 points, or 7.89 percent, to close at 7,648…
EUROPE IN THE GREEN, TECH FALTERSEuropean shares are just about higher on Thursday, with the region relatively well insulated from a global decline in tech stocks.Europe's smaller tech hardware sector has meant it has missed out on the supersized rally that has gripped traders in Tokyo, Seoul and W…
Ronald Chan, chief investment officer of Nomura Asset Management Taiwan, said at a news briefing on Thursday,
Round-up of South Korean financial markets:** South Korean shares fell nearly 8% on Thursday and posted their lowest close in more than three weeks, dragged down by a global selloff in chipmakers as Meta Platforms' plan to sell computing power raised questions over excess AI capacity. The won weake…
EUROPE BEFORE THE BELL: FUTURES WOBBLE BEFORE PAYROLLSEuropean equity futures are soft on Thursday as weakness in the global technology hardware space saps global sentiment.The tech-heavy Nasdaq NASDAQ:NDX shed 1.5% on Wednesday, led lower by a sharp 6.3% decline in an index of semiconductor stocks…
By Cynthia Kim and Yena ParkSouth Korea's vice finance chief on Thursday said Seoul is closely communicating with Japan and other key allies on foreign exchange issues, and warned that the won has become significantly misaligned relative to economic fundamentals."We are always working closely with…
By Stella QiuAsian shares extended declines on Thursday as investors rotated out of chipmakers after a stellar quarter, while currency and bond markets braced for U.S. jobs data that could give pointers to the risk of interest rate hikes.Oil prices hit new four-month lows, with Brent crude ICEEUR:B…
SHARES PULL BACK AS MARKETS AWAIT LIKELY PAYROLLS BEATGlobal shares are pulling back after a bumper quarter. Quarter-end rebalancing was partly to blame but there are also bubbling concerns about how long the AI party will go on. News that Meta plans to sell excess AI compute does make one wonder i…
The IT index rose nearly 4% on July 2, snapping a four session losing streak where it fell 6.5% due to concerns over the US Federal Reserve hiking interest rates later this year. An analyst said today's bounce might have more to it than just value buying.The AI trade in South Korea is weakening, as…
By Stella QiuAsian shares skidded on Thursday as investors rotated out of chipmakers following a stellar quarter, while currency and bond markets braced for U.S. jobs data that could gives hints about the risk of interest rate hikes.Oil prices hit new four-month lows, with Brent crude ICEEUR:BRN1…
Round-up of South Korean financial markets:** South Korean shares tumbled more than 6% on Thursday, weighed down by a global selloff in chipmakers as Meta Platforms' plan to sell computing power raised questions over excess AI capacity. The won weakened, while the benchmark bond yield rose.** The b…
