Hong Kong’s benchmark Hang Seng Index was up 1.2%, led by insurance stocks. Markets were likely digesting new measures announced by the China Securities Regulatory Commission to boost investments in the A-share market.
Asian stocks gained as President Donald Trump’s push to boost investment in artificial intelligence improved the outlook for the region’s tech firms.
Asian shares were mixed on Thursday after China rolled out more moves to try to boost its lagging stock markets by raising confidence that prices will rise. Officials in Beijing said pension funds and mutual funds would be required to increase purchases of shares,
Oracle shares jumped 8% after Trump touted a joint venture investing up to $500 billion for infrastructure tied to artificial intelligence. The new partnership, called Stargate, includes OpenAI, Oracle and SoftBank. Softbank Group Corp.’s Japan-listed shares surged 10.6% on Wednesday.
Most Asian markets extended a global rally Wednesday as investors gave a cautious welcome to Donald Trump's first full day in office amid hopes he will take a more cautious
SoftBank Group’s shares rose more than 9% after Trump named the company as a participant in the ‘Stargate’ AI joint venture.
While it’s early days, US-China relations are off to a better-than-feared start after Trump returned to the White House. The US president said he is considering a 10% levy in retaliation for the flow of fentanyl from the country,
Asian stocks turned in a mixed performance on Thursday despite China announcing a slew of measures to stabilize its stock markets.
Asian stock markets are trading mostly higher on Thursday, supported by positive cues from Wall Street overnight.
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BANGKOK — World shares were mixed on Thursday after China rolled out more moves to try to boost its lagging stock markets by raising confidence that prices will rise. Germany’s DAX gained 0.2% to 21,300 and the CAC 40 in Paris edged 0.1% higher to 7,847.38. Britain’s FTSE 100 slipped less than 0.1% to 8,539.88.
Asian stocks were mixed on Wednesday after U.S. President Donald Trump's latest comments on tariffs raised uncertainty in Chinese markets. U.S. futures edged higher and oil prices declined. Investors in Asia were relieved on Monday after Trump decided not to immediately impose significant tariffs on China.