Asian Benchmarks Mostly Rise Despite Ongoing Worries About the Iran War
- Asian stocks climbed on Wednesday for the first time in three sessions as technology shares advanced, with the MSCI Asia Pacific Index rising 0.6% following gains in U.S. semiconductor shares.
- Elevated energy costs and government financing concerns pushed bond yields to multi-year highs, creating a "toxic mix" that challenges global markets amid the ongoing U.S.-Iran war.
- Technology companies led the regional rally, with SoftBank Group Corp. surging about 6% in Tokyo; Japanese chip-related stocks, including Renesas Electronics and Rohm Co., also posted gains.
- New York Federal Reserve President John Williams indicated another interest rate hike "late this year" may be appropriate to help bring inflation down, though he noted no urgency to act.
- Markets now face a "structurally higher-yield regime" as investors navigate persistent inflation, according to Saxo chief investment strategist Charu Chanana; the Middle East conflict continues to dictate price action.
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33 Articles
Asia's stock exchanges closed mostly high in Wednesday's negotiations, driven by optimism about artificial intelligence and computer chips, despite continuing concerns about the war in Iran. Exclusive material for subscribers. To have full access, access the link of the subject and register.
Asian benchmarks mostly rise despite ongoing worries about the Iran war – WTOP News
TOKYO (AP) — Asian shares rose in early Wednesday trading, boosted by optimism about artificial intelligence and computer chips despite ongoing worries about the war in Iran. Japan’s benchmark Nikkei 225 jumped 1.3% in morning trading to 66,318.81. Australia’s S&P/ASX 200 gained 0.9% to 8,791.30. South Korea’s Kospi lost earlier gains to be little changed,...
The Toronto Star
Asian benchmarks mostly rise despite ongoing worries about the Iran war
TOKYO (AP) — Asian shares rose in early Wednesday trading, boosted by optimism about artificial intelligence and computer chips despite ongoing worries about the war in Iran.
Asian benchmarks mostly rise despite ongoing worries about the Iran wa
TOKYO (AP) — Asian shares rose in early Wednesday trading, boosted by optimism about artificial intelligence and computer chips despite ongoing worries about the war in Iran. Japan’s benchmark Nikkei 225 jumped 1.3% in morning trading to
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