Asia chip stocks track Nvidia rally on AI capex bets; Chinese chipmakers surge
Asian chipmaking stocks rose on Thursday, tracking an overnight rally in market darling Nvidia as forecasts of high capital spending on artificial intelligence from Wall Street’s biggest firms stood to underpin chip demand. In China, major chipmaking stocks extended a recent rally as the recent release of DeepSeek R1 spurred increased optimism over…
US stock index futures dip as Alphabet earnings underwhelm
U.S. stock index futures fell on Tuesday evening, pressured chiefly by losses in technology stocks as underwhelming earnings from Google owner Alphabet raised more questions about artificial intelligence demand. Futures retreated after a positive session on Wall Street, as investors were relieved by President Donald Trump postponing plans to impose steep trade tariffs…
US stock futures jump as Trump delays Canada, Mexico tariffs
U.S. stock index futures rose sharply on Monday evening, with Wall Street set to rebound from recent losses after President Donald Trump delayed plans to impose trade tariffs on Canada and Mexico. Futures surged after Wall Street ended above session lows on Monday, as investors were relieved by Trump agreeing to delay 25%…
Asia FX slumps as dollar rallies on Trump tariffs; yuan near record low
Asian currencies weakened sharply on Monday, with the Chinese yuan nearing a record low in offshore trade as the dollar rallied after U.S. President Donald Trump delivered on his threat of more trade tariffs. Regional currencies were caught in a global sell-off in risk-driven assets after Trump over the weekend announced 25% import…
Gold prices hit record peak on safe-haven demand amid Trump tariff threats
Gold prices were largely steady in Asian trading on Friday, but were at a record peak after jumping in the previous session amid uncertainty around U.S. tariffs, while investors cautiously awaited a key U.S. inflation report. Spot Gold was largely unchanged after hitting a record high of $2,799.60 per ounce, while Gold Futures…
US dollar firms against peers after Fed holds rates steady
The U.S. dollar was firmer against major currencies on Wednesday after the Federal Reserve left interest rates unchanged as widely expected but gave scant clues about further reductions in borrowing costs this year. Fed officials made a unanimous decision to keep the overnight interest rate in the current 4.25%-4.50% range, putting the central…
Oil prices steady with US inventories, Trump tariffs in focus
Oil prices steadied in Asian trade on Wednesday after industry data showed a slightly smaller-than-expected build in U.S. inventories, although caution over trade tariffs and a Federal Reserve meeting persisted. Crude prices were nursing some losses this week as traders fretted over weak Chinese economic data, as well as concerns that U.S. President…
Trump says DeepSeek is a “wake-up call” for Silicon Valley
U.S. President Donald Trump said on Monday that he sees the recently-launched Chinese artificial intelligence model DeepSeek as a positive, and that it was a wake-up call for silicon valley. Trump said he was optimistic on DeepSeek’s claims of a faster and “much less expensive method of AI,” stating that American companies were…
Asia stocks rattled by Trump jitters; China shares mixed amid weak PMI, AI bets
Most Asian stocks fell on Monday after U.S. President Donald Trump’s imposition of trade tariffs on Colombia rattled risk appetite with the possibility of more such moves. Chinese markets were a mixed bag, as investors bought some local technology names on optimism over DeepSeek R1- a new artificial intelligence model that could potentially…
Trump considering 10% tariff on China from Feb 1
U.S. President Donald Trump said on Tuesday he is considering imposing 10% tariffs on Chinese imports from February 1, as he raised the possibility of increased duties on several major economies. Speaking at a White House event on his second day in office, Trump said he was considering the Chinese tariffs on concerns…
Recent Comments