Stocks

25 June 2024
Japan’s Nikkei climbs to mid-April high on value stock surge and weaker yen

Key points: Nikkei finished up 0.95% at 39,173.15, highest since April 15 Weaker yen boosts export-related shares, with Toyota Motor closing up 4.6% Japan’s Nikkei share average closed on Tuesday at its highest level in more than two months, marking …

19 June 2024
Japan’s Nikkei gains on Nvidia surge; Profit-taking limits further upside

Key points: Japan’s Nikkei closes 0.23% higher, influenced by Nvidia’s strong performance. Profit-taking in the afternoon curbed further gains despite positive sentiment. Japan’s Nikkei share average ended higher on Wednesday, following an overnight rally in Wall Street’s semiconductor stocks. Nvidia’s …

18 June 2024
Japan’s Nikkei climbs as investors snap up shares following sharp decline

Key points: The Nikkei rose 1% to 38,482.11. The broader Topix ended 0.58% higher at 2,715.76. Tokyo Electron rose 2.7%, while TDK jumped 6.32%. Japan’s Nikkei share average saw a recovery on Tuesday, rising 1% to 38,482.11 as investors took …

18 June 2024
The rise of Nvidia: Potential risks of a bubble 

Key points:  Stock price of Nvidia appreciated over 140% in 2024, crossing a $3 trillion market cap.  The price movement is displaying the pattern of a “bubble-ish territory”   This article is a follow-up to: Nvidia soars to record highs  Nvidia …

13 June 2024
The US stock market surges following inflation slowdown 

Key points:  The US Federal Reserve maintains its benchmark interest rate at 5.50%.  Fed officials project fewer rate cuts, with only one expected this year.  Major stock indexes rose sharply following a lower inflation rate in May.  The US stock …

13 June 2024
Japan’s Nikkei falls after initial gains ahead of BOJ policy decision

Key points: Nikkei fell 0.12% by midday, after earlier gains BOJ expected to keep interest rates steady and consider balance sheet reduction Japan’s Nikkei index reversed its early gains on Thursday, ending the morning session down 0.12% to 38,831.36. This …

13 June 2024
South Korean shares gain over 1% on Wall Street rally; Chipmakers shine

Key points: KOSPI rises as foreigners become net buyers Korean won strengthens against the dollar South Korea’s benchmark bond yield falls South Korean shares saw a strong rise of more than 1% on Thursday, following a rally on Wall Street. …

10 June 2024
Strong nonfarm payrolls report throws rate cut timeline of the Federal Reserve into question 

Key points:  US nonfarm payrolls exceed expectations with 272,000 new jobs in May.  Strong job gains complicate the trajectory of the anticipated rate cut by the Federal Reserve.  A high interest rate prospects boost the US dollar and impact gold …

7 June 2024
Nvidia soars to record highs, eyes top spot by market cap 

Key Points:  Nvidia surpasses Amazon and Apple to become the second-largest US company.  Shares of Nvidia close at a record $1,224.40, bringing the company to a market cap of $3.01 trillion.  Elon Musk orders thousands of AI chips from Nvidia, …

6 June 2024
Strong ISM services data indicates robust US business activity

Key points: ISM services report shows higher business activity and faster new orders growth. The US dollar sees a slight recovery but remains under pressure ahead of Friday’s NFP report The latest Institute for Supply Management (ISM) services report revealed …

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