Alibaba's Hong Kong-listed shares surged as much as 7.8% after the e-commerce giant announced on Wednesday its largest ever AI model, the Qwen3-Max
This is the first time the BOJ has mentioned a plan for offloading its ETF holdings
A gauge of Asian shares rose 0.7%, helped by a record for the Nikkei-225 index in Japan. Shanghai stocks jumped to their highest level since December 2021.
The blue-chip gauge climbed as much as 2.5% to 42,867.69, joining the Topix in surpassing July 2024 peaks
From OpenAI's ongoing funding round to China's consistently weak manufacturing activity, here's a look at some of the major developments from across the world.
The U.S. dollar bounced back, and long-term bond yields surged after the Federal Reserve kicked off its easing cycle with a larger-than-expected rate cut. Asian stocks also saw gains, with Japan’s Nikkei jumping 2% and Australian shares hitting record highs.
Shares fell in Japan, Australia and South Korea, after the US benchmark edged lower to end an eight-day winning streak. Chinese shares may decline after the Nasdaq Golden Dragon China Index fell 4.1% on Tuesday
Japan's Nikkei rose more than 2% in early trading following a holiday on Monday, a welcome relief after last week's wild swings that began with a massive sell-off spurred by a rising yen and fears of a U.S. recession.
Asian stock markets are higher on Friday, tracking cues of resilience in US stocks. The yen has weakened slightly against US dollar on Friday, registering its fourth day of depreciation.
The global carry trade has unravelled, roiling world stocks this week as Japanese Yen turned volatile after Bank of Japan’s rate hike, and fears that a US Fed may be late in moving to avoid a looming recession.
The Nikkei 225 share average fell 12.4% on Monday, the biggest percentage fall since Black Monday in 1987. Coupled with declines from the previous two days, the market’s gains since the start of year were wiped out.
The Topix and Nikkei 225 Stock Average tumbled about 10% Monday, with both benchmarks poised to enter bear markets. On a three-day basis, the Topix was set for its worst drop on record, according to data compiled by Bloomberg back to 1959. Circuit breakers temporarily suspended trading of futures for both equity benchmarks.
A country that has known nothing but easy money for a generation will have to adapt
Chinese stocks, iron ore and oil prices dropped further after the country's central bank sprang a surprise cut in longer-term interest rates, only stoking further worries about the world's second-largest economy.
Shares in Japan and South Korea dropped, with the Topix falling as much as 1.5%, weighed down by a stronger yen and further fallout from heavy selling in chipmakers around the world. Tokyo Electron Ltd. faced the brunt of selling for a second day, dropping almost 11%.
Almost all of the Tokyo Stock Exchange's 33 industry groups declined, led by a 3.5% slump for real estate.
MSCI's broadest index of Asia-Pacific shares outside Japan was off 0.1%, while Japan's Nikkei slid 0.8%. Technology shares in the region, however, outperformed, with MSCI Asia-Pacific ex-Japan IT index up 1%.
MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.5%, helped by a 1% jump in Taiwanese shares and a 0.8% advance in Hong Kong's Hang Seng index.
MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.2%, after U.S. stocks ended the previous session with mild gains. The index is up 0.2% so far this month.
MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.2%. Japan's Nikkei rose 0.6%.
There was also action in commodities as gold reached another record, oil a five-month peak and copper a 13-month top, helping lift shares in basic materials and energy companies.
Tokyo's Nikkei is closed for a holiday in Japan, but the yen's weakness lifted Nikkei futures by 0.6%, a day after the Bank of Japan ended years of negative interest rates in a well-telegraphed move.
Beijing reported industrial output climbed an annual 7% over January and February, while retail sales rose 5.5% on a year earlier. But real estate remained a worry as property investment fell 9% on the year, underlining the case for further policy support.
Japan's revised official data showed that its GDP expanded 0.4 percent in the October-December period last year, paving the way for Bank of Japan to raise interest rates.
US markets extend gains supported by Nvidia's $2 trillion market cap, European markets also trade in green. Japan's Nikkei crossed its 1989 peak on February 22 while the Indian indices were dragged down on February 23 owing to higher selling in the IT, metals and banking