Most Asian stocks fell on Friday following a setback on Wall Street triggered by a drop in Nvidia shares. Japan’s Nikkei 225 closed almost unchanged after a slight increase in the inflation rate was reported. Australia’s S&P/ASX 200 rose slightly, while South Korea’s Kospi and the Hang Seng in Hong Kong both fell. On Wall … Read more
Asian stocks showed mixed performance on Wednesday, with U.S. benchmark indices hitting new records despite signs of a potential slowdown in the U.S. economy. The Nikkei 225 in Tokyo rose 0.2%, driven by strong trade data for May. Hong Kong’s Hang Seng gained 2%, while the Shanghai Composite Index fell 0.3% following announcements to improve … Read more
IDeaS recently announced a successful integration of almost 2,000 properties with Oracle Hospitality Integration Platform, connecting its RMS solutions, including IDeaS G3 RMS, to Oracle’s OPERA Cloud via OHIP and Oracle Cloud Marketplace. The move was designed to address the hospitality industry’s need for faster data exchanges and increased capabilities to manage growing data volumes. … Read more
Asian semiconductor stocks surged following Nvidia’s rise to become the world’s most valuable company, with the company’s market capitalization hitting $3.34 trillion. This surpassed Microsoft, which is now valued at $3.32 trillion. Nvidia’s shares have increased by 174% this year. Taiwan Semiconductor Manufacturing Corporation (TSMC), which produces Nvidia’s high-performance graphics processing units, saw its stock … Read more
Asian semiconductor stocks surged on Wednesday following a rise in Nvidia’s stock price, making it the world’s most valuable company with a market capitalization of $3.34 trillion, surpassing Microsoft. In Taiwan, Taiwan Semiconductor Manufacturing Company (TSMC) and Foxconn saw gains of up to 4.34% and 4.78%, respectively. TSMC manufactures Nvidia’s high-performance graphics processing units for … Read more
Several major Asian stock indexes saw declines on Thursday as investors processed the news that central banks in major economies are hesitant to engage in aggressive monetary easing due to concerns about lingering inflation. The cautious approach of policymakers towards easing monetary policy has raised questions among investors about the future trajectory of interest rates … Read more
Asian shares rallied on Wednesday as investors showed optimism towards Nvidia’s upcoming earnings report and kept a close watch on U.S. interest rates. However, New Zealand’s central bank issued a warning about inflation, causing bond yields to rise and the kiwi dollar to jump to a one-month high. The MSCI’s Asia-Pacific index outside Japan saw … Read more
Shares of Asian suppliers of NVIDIA, such as SK Hynix Inc. and TSMC, rose as investors awaited the company’s first-quarter results for insights into the artificial intelligence industry. Hon Hai Precision Industry Co Ltd also saw an increase in its stock price due to its partnership with Nvidia. However, Advantest Corp. and Samsung Electronics Co … Read more
Asian stocks struggled for direction without local drivers following the S&P 500 reaching another record high prior to Nvidia Corp.’s earnings report. Japanese shares declined due to a trade deficit, while Australia, Hong Kong, and mainland China traded narrowly. U.S. stock futures were stable in Asian trading after the S&P 500 hit its 24th record … Read more
Asian stocks saw a rise on Wednesday as investors were hopeful about the performance of Nvidia and were also monitoring the upcoming decisions on interest rates in the US and UK. The market was cautiously optimistic as it waited to see if Nvidia could meet the high expectations set for it. Investors are keeping a … Read more