Top US stock indices like the Nasdaq 100, S&P 500, and the Dow Jones are falling today, continuing a sell-off that started on Thursday. QQQ, which tracks the Nasdaq 100 Index, retreated to $708, down by 5.4% from its highest point this year. Similarly, the VOO and SPY ETFs have dropped…
Asian equities fell on Friday as investors locked in gains from this year’s technology rally and shifted into more defensive positions ahead of the weekend, with Middle East tensions and stalled US-Iran talks adding to the cautious tone.MSCI’s broadest index of Asia-Pacific shares outside Japan fell 1.6% in early trading.The…
Hong Kong-listed financial stocks fell on Friday after reports of tighter scrutiny on mainland Chinese clients seeking to open offshore accounts raised concerns over cross-border money flows and fee income for the city’s banks and insurers.Shares of AIA Group, HSBC Holdings, Standard Chartered and Bank of East Asia declined at…
Nvidia Chief Executive Officer Jensen Huang said robotics could become the next major sector in South Korea, a brief but closely watched remark that points to the chipmaker’s expanding focus beyond data centres and into AI-powered machines.Huang made the comment to reporters on Friday after arriving at Gimpo airport near…
The South Korean won continued its strong downward trend, reaching its lowest level since 2009, despite the ongoing Kospi Index surge. The USD/KRW exchange rate surged to 1,550, up sharply from the year-to-date low of 1,420. South Korean won, and the Kospi divergence continuesThe South Korean won and the country’s stock…
India has announced a series of measures aimed at attracting higher dollar inflows as the rupee remains under pressure from rising crude oil prices and significant outflows from domestic equity markets.The steps, unveiled by the Reserve Bank of India (RBI), are designed to encourage foreign investment, support government borrowing programmes,…
Lloyds Bank (LON: LLOY) share price has moved sideways this year as concerns about its growth and the British economy have remained. It was trading at 100.50p on Friday, inside the range it has remained at in the past few months. So, is it a good stock to buy for…
China’s state-backed media organisation Xinhuanet plans to invest more than 1.1 billion yuan ($162.38 million) in an artificial intelligence project designed to support the study and dissemination of President Xi Jinping’s political ideology, according to filings with the Shanghai Stock Exchange.The project, called Xinhua Yudian, or Xinhua Lexicon, is described…
The London Stock Exchange (LSEG) share price has pulled back in the past few weeks, moving from the April high of 10,120p to the current 9,162p. This retreat will likely be brief as the company’s fundamentals are still strong and it has slowly formed the bullish inverted head-and-shoulders pattern.London Stock…
Micron stock (NASDAQ: MU) has delivered one of the most extraordinary rallies in semiconductor history, but Wall Street is becoming increasingly cautious about how much future growth is already reflected in the share price.The memory-chip maker has become one of the biggest winners of the artificial intelligence boom, with its…