Asian Benchmarks Mostly Rise Despite Ongoing Worries About the Iran War
Japan shares led gains as SoftBank jumped 6% and Nvidia-linked optimism outweighed 10-year U.S. Treasury yields near 5.24%, traders said.
- 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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20 Articles
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,...
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
Global Market Today: Asian shares rise as tech stocks lead, bonds in focus
The MSCI Asia Pacific Index climbed 0.6% with stocks in Japan and South Korea gaining. The moves came after gains for a key gauge of US semiconductor shares, while President Donald Trump rejected regulations on artificial intelligence.
Winnipeg Free Press
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.
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