Japan's Nikkei hits record high after Nvidia beat, rest of Asia muted

Posted on:
Key Points

TOKYO (Reuters) Japans Nikkei share average topped its all-time peak on Thursday, after unexpectedly strong revenue forecasts from U.S. chip designer Nvidia lifted Asian tech stocks...

However, the regional mood was tempered by the struggle in Chinese stock markets to extend multi-month highs reached amid Beijings stimulus efforts...

Long-term U.S. bond yields hugged three-month highs while the dollar sagged after minutes from the last Federal Open Market Committee meeting confirmed the view that interest rate cuts would be slow in coming, but werent markedly more hawkish than the Feds previously expressed views...

The Nikkei 225 share average surged as much as 2% to reach 39,029.00, topping the previous all-time high of 38,957.44, set on Dec. 29, 1989, at the peak of the so-called bubble economy...

The Hang Seng was 0.17%, recovering from earlier losses, to put the Hong Kong benchmark on course to extend a seven-day winning run.. Mainland blue chips were last up 0.29%, after oscillating throughout the session between small gains and losses...

You might be interested in

Crude oil prices little changed; supply concerns, banking crisis in focus

28, Mar, 23

Prices rose in the previous session after Turkey stopped pumping crude from Kurdistan via a pipeline following an arbitration decision that confirmed Baghdad's consent was needed to ship the oil.

Oil prices rise on bigger-than-expected drop in US crude stocks

18, Jul, 24

(Reuters) - Oil prices ticked higher on Thursday, buoyed by a bigger-than-expected weekly decline in U.S. crude stocks. Brent futures rose 13 cents, or 0.2%, to $85.21 a barrel by 0023 GMT, while U.S.

Inflation concerns keep oil investors at bay

29, Sep, 23

By Natalie Grover LONDON (Reuters) -Oil prices edged lower on Thursday on growing expectations that key Western economies will maintain high interest rates to tackle stubborn inflation. By 1312 GMT,

Oil rises for second day on improving signs of US refinery demand

22, Feb, 24

By Jeslyn Lerh and Colleen Howe SINGAPORE (Reuters) -Oil prices rose for a second day on Thursday on expectations that demand in the U.S., the world's biggest oil consumer, will improve as refineries

Crude oil prices recover on short-covering, U.S. debt ceiling fears weigh

12, May, 23

Brent crude futures rose by 36 cents, or 0.5%, to $75.34 a barrel by 0051 GMT. U.S. crude futures gained 41 cents, or 0.6%, to $71.28. They recovered from losses of about 3%-4% over the past two sessions.

Oil rises over 1% after US Fed keeps rates unchanged

02, Nov, 23

Brent crude futures rose 89 cents, or 1.1%, to $85.52 a barrel by 0324 GMT, while US West Texas Intermediate crude futures advanced 91 cents, also 1.1%, to $81.35 a barrel.

Oil prices gain 2% on hopes of a US Fed rate cut next month

23, Aug, 24

By Nicole Jao (Reuters) -Oil prices rose on Thursday, as expectations for a U.S. interest rate cut in a few weeks fueled a rebound after four days of price declines. Brent crude futures gained $1.55,

US stocks: S&P 500, Nasdaq end up as Nvidia surge leads megacap higher

15, Aug, 23

International Business News: The S&P 500 and the Nasdaq rose, driven by a surge in Nvidia's stock after an optimistic note from Morgan Stanley. Nvidia's shares rose by 7.1%, prope

US rates, Dollar & Crude: How a rare trinity could pose a significant macro challenge to India

03, Oct, 23

In combination, the three macro-indicators could support already high inflation across many countries by making goods and fuel imports costlier, and disrupt capital flows across the globe, imposing more hardship on debt and current account-stressed countries.

Crude oil prices to trade with upside bias over geopolitical tensions; Brent may hit $90-$95/bbl in near-term

26, Mar, 24

Global crude oil prices rose sharply by 5.9 per cent over the past month crossing the $86 per barrel mark for the first time since November 2023 driven by multiple factors.