Asian stocks ended mixed on Tuesday as U.S.-China tensions and jitters around the yuan offset growing optimism around chip stocks.
Tech stocks led the morning losses, with the Hang Seng Tech Index sliding by 2.00%. The Major tech players Tencent (0700) tumbled 6.99%, while Alibaba (9988) and Baidu (9888) posted losses of 1.40% and 1.05%, respectively.
Hang Seng tech stocks plunge as Tencent drops 10.41%, while China grapples with deflationary risks and US sanctions.
Asian stocks ended mixed on Wednesday as upbeat U.S. economic data released overnight led investors to scale back Fed rate cut bets.
- Nvidia CEO Huang's highly anticipated keynote address at CES was at first a bit of a fizzle in terms of the sales prospects of the company, with his talk focusing on the company’s new chip’s [RTX 50 series] ability to generate real-time graphics and other high-powered applications.
The latest Market Talks covering Technology, Media and Telecom. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET. 0532 GMT – Tencent’s overall business fundamentals and growth outlook remain intact despite recently being added to a Pentagon list with alleged Chinese military ties,
Asian stock markets were uneven on Tuesday, with most trading floors closing in the green, but China-exposed exchanges falling back on possible international-commerce tensions. Hong Kong and Shanghai finished down,
But the AI revolution has only just begun. Today’s most powerful AI models, often referred to as “frontier AI,” can handle and generate images, audio, video, and computer code, in addition to natural language.
Asian stock markets traded mostly lower on Thursday, taking mixed cues from Wall Street amid persistent uncertainty over interest rates.
Asian chip-related stocks surged early this week as investors pinned hopes on a wave of renewed optimism for AI demand, fueled by the anticipation of Nvidia Corp. CEO Jensen Huang's keynote speech at the Consumer Electronics Show (CES) in Las Vegas.
Tencent was added to a U.S. Defense Department list of companies connected to the Chinese military. This will prevent U.S. entities from investing in Tencent, though it doesn't have significant ...
Hang Seng edges higher as US producer prices ease inflation fears. Nikkei climbs on weaker Yen, while ASX banks rally.