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Tech fans Tokyo rally on broadly positive day for Asian markets
Tokyo tech stocks rose on AI partnerships and semiconductor deals while investors priced in a US Federal Reserve rate cut amid strong global tech market momentum.
- On Friday, a surge in technology shares led Tokyo and Asian markets higher as investor optimism grew broadly positive.
- With companies ploughing billions into AI this year, South Korean semiconductor giants Samsung and SK hynix struck a preliminary deal to supply chips to OpenAI's Stargate project.
- Hitachi Ltd. jumped more than nine percent while Renesas Electronics Ltd. rose similarly and Sony gained 2.8, as Tokyo's Nikkei 225 increased 1.4 percent to 45,584.54 at around 0230 GMT.
- The partial US government shutdown closed some services and may delay key jobs figures, with a Senate vote expected Friday to fund the government through November 21.
- Export restrictions also pose a drag, Applied Materials Inc. warned, and cybersecurity concerns grow as Oracle Corp. investigates customer hacks on Monday.
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36 Articles
The Killeen Daily Herald+33 Reposted by 33 other sources
Tech fans Tokyo rally on broadly positive day for Asian markets
A surge in tech firms helped Tokyo's Nikkei lead most Asian equities higher on Friday as investors headed into the weekend on a broadly positive note, with US rate-cut hopes out-muscling concerns about a government shutdown.
Tech Fans Tokyo Rally On Broadly Positive Day For Asian Markets
A surge in tech firms helped Tokyo's Nikkei lead most Asian equities higher on Friday as investors headed into the weekend on a broadly positive note, with US rate-cut hopes out-muscling concerns about a government shutdown.
·United States
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Total News Sources36
Leaning Left2Leaning Right9Center9Last UpdatedBias Distribution45% Center, 45% Right
Bias Distribution
- 45% of the sources are Center, 45% of the sources lean Right
45% Right
C 45%
R 45%
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