Democratic wins drag Nikkei 3% lower as AI stocks tumble
US midterm Democratic gains triggered a 3.1% Nikkei drop to around 61,130, with AI and chip stocks leading the decline.
US midterm Democratic gains triggered a 3.1% Nikkei drop to around 61,130, with AI and chip stocks leading the decline.
South Korea's KOSPI fell 4.77% on Friday, led by chip stocks after Alphabet's capital spending surge, with Samsung and SK Hynix dropping sharply.
Asia-Pacific stocks mostly rose on Tuesday, led by South Korea's KOSPI surging 3.4% on AI chip-driven GDP; China and Hong Kong lagged.
Tokyo stocks fell Monday on Iran oil worries; Nikkei down 0.5%. ING sees BOJ on hold at 1.25%, hikes in 2027.
Asian stocks mostly fell as a US chip rout spread, gold dropped below $4,000, and Japan's core CPI returned above the BoJ target.
A Reuters poll finds 37% of Japanese firms see oil volatility as the top earnings risk, ahead of currency and rate concerns.
Japan's Nikkei 225 climbed 2.5% after weak U.S. jobs data reduced the chance of a Fed rate hike in October.
The Nikkei rallied 2.5% to a three-month high, led by AI stocks after soft US jobs data reduced Fed hike expectations.
Asia-Pacific stocks fell as US yields hit post-February highs. Oil rose on geopolitics, gold edged up.
Japan's Nikkei fell back from an early 1% gain as Nasdaq futures weakened and caution set in before Micron's earnings.
Nikkei and Topix up 1.2% as chip stocks rally and dividend buying pushes Tokyo higher; SoftBank falls on Oracle data center power delay.
Morgan Stanley's Andrew Slimmon flags Japan and Europe opportunities as earnings revisions improve; the bank's Vintage Values list beat the S&P 500 by 1,316…
HSBC maintains a bullish stance on US and Japan equities, while technical charts for the Nikkei 225 and S&P 500 show consolidation patterns.
HSBC keeps an overweight on global equities, favoring US, Japan and North Asia plus cyclicals, citing resilient earnings. It flags geopolitical conflict as…
Japan's Nikkei rose about 1% as SoftBank surged, while South Korea's Kospi fell on chipmaker losses amid AI spending worries and Middle East tensions.