The Nikkei 225 Index jumped and neared its all-time high as memory and semiconductor companies like Kioxia, Tokyo Electron, Advantest, and Keyence Corporation soared. It jumped by over 5% to 71,950, a few points below the all-time high of 72,781.Kioxia, Tokyo Electron, Advantest, and Keyence boosts Japan stocksThe Nikkei 225…
The Hang Seng Index continued its strong downward trend this week, reaching its lowest level since June last year. HSI has dropped in the last eight consecutive days and is down by nearly 20% from its highest point this year. The Hang Seng has diverged from other global indices like the…
Asian markets tried to find their footing on Wednesday, but the calm looked fragile after a sharp unwind in the global AI trade reminded investors how quickly this year’s winners can turn into sources of stress.The selling was not broad panic. It was more selective than that. Traders cut exposure…
France and Germany have struck a long-awaited governance deal over KNDS, clearing the main political obstacle to one of Europe’s most closely watched defence listings in years.The Franco-German group, which makes the Leopard 2 tank and the Caesar howitzer, is preparing for a dual listing in Paris and Frankfurt as…
Scottish Mortgage Trust share price has retreated sharply this week, continuing a downward trend that started on June 3. SMT stock has slumped to 1,357p, its lowest level since April 14, and 13% below its highest level this year. This retreat has coincided with the ongoing SpaceX sell-off that has…
European shares were muted at the open on Wednesday as investors assessed developments in US-Iran negotiations, monitored the outlook for central bank policy, and reacted to sector-specific moves across the region.The pan-European STOXX 600 edged 0.02% lower to 634.50 points by 0715 GMT.The benchmark reflected a cautious start to the…
ByteDance, the Chinese technology company behind TikTok, is in preliminary talks with banks for what could be its largest offshore loan to date, Bloomberg News reported on Wednesday.The company is seeking a new-money facility of about $20 billion, with a proposed tenor of three years and an option to extend…
Elon Musk is no longer a trillionaire after sharp declines in SpaceX and Tesla shares wiped out more than $150 billion from his fortune and dragged his net worth below the $1 trillion mark.According to Bloomberg’s Billionaires Index, Musk’s wealth stood at $957 billion on Wednesday, down from the historic…
St. James Place share price held steady on Wednesday, reaching a high of 1,172p, much higher than this month’s low of 1,114p. It has slowly formed a highly bullish pattern, pointing to an eventual rebound, despite the AI disruption fears.St. James Place share price technical analysisThe daily chart shows that…
London’s domestically focused FTSE 250 index rose on Wednesday, supported by a sharp rally in real estate stocks after Segro rejected a $16.6 billion takeover approach from US-based Prologis.The midcap FTSE 250 edged up 0.1% by 0755 GMT, while the blue-chip FTSE 100 was flat.Real estate shares led the gains.The…