Asian markets opened mixed on Wednesday after President Donald Trump said he would indefinitely extend the Iran ceasefire.The announcement provided some support to risk sentiment, even as investors remained wary of the still-closed Strait of Hormuz and elevated oil prices.Japan’s Nikkei 225 climbed to a fresh record on the back…
Gold climbed on Wednesday after President Donald Trump extended the Iran ceasefire, though gains were tempered as easing oil prices reduced some inflation concerns even while the broader geopolitical outlook remained uncertain.Spot gold rebounded 0.9% to $4,755.11 an ounce by 0225 GMT after hitting an April 13 low, while June…
The Hang Seng Index sank by over 1.30% on Wednesday as concerns about the fragile ceasefire between the United States and Iran continued. It retreated to $26,137, erasing some of the gains made a day earlier.Hang Seng Index slips after Trump ceasefire extension President Donald Trump announced that he would extend…
SpaceX’s deal with Cursor is less a conventional takeover bet than a race against the calendar.The Elon Musk-led company has secured the right to buy the AI coding startup for $60 billion later this year, or pay $10 billion for the partnership if it walks away.With SpaceX preparing for a…
South Korea’s SK Hynix will invest 19 trillion won ($12.85 billion) in a new memory packaging facility, the world’s third-biggest semiconductor maker by sales announced on Tuesday. The development comes as surging artificial intelligence demand reshapes the global chips landscape and prompts the industry’s biggest players to accelerate capital expenditure…
Swiss engineering group ABB raised its 2026 sales outlook on Wednesday after reporting a stronger-than-expected rise in first-quarter revenue, driven by surging demand from data centres processing artificial intelligence data.ABB said quarterly sales rose 18% to $8.73 billion, beating analysts’ average estimate of $8.25 billion.Operational profit also exceeded forecasts, reinforcing…
Sapporo Holdings stock slid as much as 6.4% on Wednesday after the Japanese brewer said it would sell Stone Brewing to Firestone Walker and Duvel Moortgat.The move is being read less as a clean strategic exit than as evidence that its US expansion has been costly and slow to pay…
JP Morgan on Wednesday raised its year-end target for Japan’s benchmark Nikkei share average, citing strong momentum from artificial intelligence and currency dynamics.The investment bank increased its Nikkei target to 70,000 from a previous estimate of 61,000.It also lifted its projection for the broader Topix index to 4,300 from 4,100.The…
Reckitt stock fell about 5% in early trading on Wednesday after the consumer goods group said first-quarter core like-for-like net revenue rose only 1.3%.The figure was well below the 2.9% analysts had expected, and warned that first-half adjusted operating margin would be roughly 200 basis points lower than a year…
US stock index futures climbed on Wednesday after President Donald Trump said the United States would indefinitely postpone any attack on Iran.The development eased immediate concerns over a broader Middle East conflict and helped revive risk appetite before the opening bell.Investors were also looking ahead to a busy day of…