US Edition
Asia stocks rally as Nikkei jumps, chip sector rebounds
Takaichi’s win fuels expectations of fiscal stimulus and tax cuts, lifting Nikkei 4.4% to record highs amid chip stock rebounds and bets on U.S. Federal Reserve rate cuts.
- On Monday, Japan's Nikkei surged 4.4% to record highs after Takaichi's win, while Nvidia, AMD, and Broadcom jumped nearly 8%, over 8%, and 7%.
- Rising two-year yields reached 1.3%, their highest since 1996, as analysts said debt-funded expansionary policies could pose fiscal risks, market strategists added.
- Regional indices also rallied as MSCI's broadest index of Asia-Pacific shares outside Japan rose 2.2% and South Korea's tech-heavy index climbed 4.3%, while silver swung sharply before ending at $81.03 and gold gained 0.8% to $5,000 after plunging to $4,403.
- U.S. data this week must be benign enough to keep rate-cut bets alive, but any downside misses could lower the dollar and Treasury yields, with the yen and pound facing separate pressures.
- The four largest U.S. tech giants plan to spend $650 billion in capex this year, while analysts wrote that investors rotate from AI spenders to beneficiaries, shifting market leadership.
85 Articles
85 Articles
Asian stocks extend tech-led gains; Nikkei hits new peak near 58k post
Asian markets maintained their upward momentum on Tuesday, driven by a persistent tech rally and record-breaking gains in Japan. The Nikkei 225 reached new heights as the 'Takaichi trade' intensified following Prime Minister Sanae Takaichi’s
Channel News Asia
Asian markets extend gains as Tokyo enjoys another record day
HONG KONG: Asian shares extended gains on Tuesday (Feb 10) following a Wall Street rally, with Tokyo's Nikkei jumping more than two per cent to another record following Japanese Prime Minister Sanae Takaichi's
Japan stocks hit highs on ‘Takaichi trade’
Japanese stocks hit record highs on Monday as the “Takaichi trade” fueled gains in defense and tech-related sectors. Prime Minister Sanae Takaichi’s strong showing in Sunday’s election effectively gives her four years to pursue expansive stimulus measures like tax cuts without facing legislative resistance. Weapons-makers’ stocks rallied on expectations of looser export restrictions and plans for a possible revision to Japan’s pacifist constitut…
San Diego Union Tribune
US stocks drift as gold, silver and bitcoin stabilize
By STAN CHOE, AP Business Writer NEW YORK (AP) — U.S. stocks are drifting in mixed trading Monday, a downshift following bursts higher for stocks in Asia earlier in the day and Wall Street’s own rally to close last week. The S&P 500 rose 0.5% and inched closer to its record set two weeks ago. The Dow Jones Industrial Average was down 13 points, or less than 0.1%, as of 11:30 a.m. Eastern time, and the Nasdaq composite was 1% higher. The relative…
Coverage Details
Bias Distribution
- 55% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
