Asian Shares Are Mixed as Chipmaker Shares Rally in Tokyo and Seoul
Chipmakers in Seoul and Tokyo led gains as traders weighed a 56% chance of a Federal Reserve rate increase after Friday's U.S. inflation report.
- Seoul and Tokyo chip stocks rallied Monday, led by Samsung Electronics jumping 4.5% and SK Hynix surging 6.2%, despite strong US employment data increasing Federal Reserve rate-hike expectations.
- Investors are returning to AI-linked firms confident recent investments will pay off, while markets await earnings from tech titan Oracle on Thursday for fresh insights into the AI boom outlook.
- Friday's US consumer price index release is critical for the Fed's next move, with the CME Group's FedWatch tool putting chances of a rate increase at more than 56 percent before the September 16 meeting.
- Escalating US-Iran conflict pushed oil prices higher, with Brent crude adding 67 cents to $96.95 a barrel, adding upward pressure to inflation expectations amid the six-month deadlock.
- Broader regional markets saw mixed results, with Hong Kong's Hang Seng losing 1.1% to 25,377.12 and Shanghai Composite shedding 0.2%, while Singapore, Wellington, and Manila also fell.
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Idaho Press
The Daily ItemGlobal shares are mixed as chipmaker shares rally in Tokyo and Seoul
Global shares are mixed, with benchmarks in Tokyo and Seoul leading gains thanks to buying of computer chipmakers. Benchmarks fell in early Monday trading in Germany and Britain, while being little changed in France. Brent crude oil inched closer to…
Asian shares are mixed as chipmaker shares rally in Tokyo and Seoul – WTOP News
TOKYO (AP) — Asian shares were trading mixed on Monday, with benchmarks in Tokyo and Seoul leading gains thanks to buying of computer chipmakers’ stocks. Japan’s benchmark Nikkei 225 added 1.7% to 66,104.93, while South Korea’s Kospi jumped 3.3% to 6,907.53. Shares in Samsung Electronics jumped 4.5% and memory chipmaker SK Hynix surged 6.2%. “The...
The Toronto Star
Asian shares are mixed as chipmaker shares rally in Tokyo and Seoul
TOKYO (AP) — Asian shares were trading mixed on Monday, with benchmarks in Tokyo and Seoul leading gains thanks to buying of computer chipmakers' stocks.
Tech firms rally on mixed day for Asian markets, with eyes on US inflation
The gains -- led by chipmakers in Seoul and Tokyo -- came even after a forecast-busting reading on US jobs Friday that ramped up bets the central bank will tighten monetary policy on September 16. A fresh bout of tit-for-tat US-Iran strikes at the weekend pushed oil higher and added upward pressure to inflation expectations. After July's rout of AI-linked firms, dealers have been edging back into the sector, confident that the vast sums invested…
The Asian stock exchanges start the week with two speeds. Tokyo and Seoul run, driven by purchases on semiconductor producers, while Hong Kong and Shanghai remain weaker. In the background they weigh oil close to $97 and the return of expectations of an increase in American rates.
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