The Japanese yen continued its strong downward trend this week, reaching its lowest level in over 40 years. The USD/JPY crossed the crucial resistance of 162, bringing its 12-month gains to 12.3%. BoJ prepares response to the weaker yenThe USD/JPY pair continued its recent upward trend this week as the US…
Global energy stocks have pulled back in the past few days as crude oil and natural gas prices slumped, and this trend may continue after Morgan Stanley warned of a global glut. Shell share price plunged to 2,900p on Monday, its lowest level since February, and 20% from the year-to-date…
Samsung Electronics and SK Hynix fell on Monday even as South Korea prepared to unveil one of the biggest AI and chip investment drives in its history.That is the irony worrying investors. A spending plan that could reach as much as 2,000 trillion won, or about $1.3 trillion, would normally…
The Nikkei 225 and Topix indices have wavered close to their all-time highs as volatility in the stock market rises. Nikkei ended last week at 69,360, down from the year-to-date high of 72,780, while Topix fell from 4,105 to 3,963. This article explores the top catalysts for Japan stocks this…
Russian stocks and the ruble are in a strong downward spiral as pressures on the economy mount amid the ongoing attacks by Ukraine. The USD/RUB pair soared to 78.6860, its highest level since April 8, while the MOEX Index remains in a correction after falling by 10% from its highest…
Hong Kong-listed shares of Baidu climbed more than 7% on Monday after reports suggested that its artificial intelligence (AI) chip unit, Kunlunxin, is preparing for an initial public offering (IPO) in the city.According to the report, the planned listing could value the AI chip affiliate at approximately $50 billion.The rally…
Broadcom stock (NASDAQ: AVGO) has fallen sharply from its record high, but the selloff may say more about investor expectations than about weakness in AI demand.Shares have retreated from around $495 to much lower levels, leaving the stock more than 24% below its peak.That looks brutal, but Broadcom’s latest quarter…
Rolls-Royce share price has wavered in the past few days as demand for UK stocks has waned. After soaring to a record high of 1,531p last week, it ended the week at 1,406p. Still, a potential catalyst may help push the stock back to a record high.Rolls-Royce is working on…
European equities traded little changed on Monday as gains in technology stocks helped offset broader market caution.Investors continued to assess the outlook for a fragile ceasefire in the Middle East after the United States and Iran agreed to halt their latest round of hostilities.The pan-European STOXX 600 index remained broadly…
SpaceX stock (NASDAQ: SPCX) has had a wild first few weeks as a public company.The shares, priced at $135 in the company’s record June 12 IPO, surged to an intraday high of $225.64 by June 16, and then slid to around $153 by June 27.That is a drop of roughly…