Asia’s benchmark stock index rose, led by the tech sector, as investors awaited earnings from some of the largest Chinese technology firms this week. An index of regional tech shares advanced for a fourth day after US chipmakers rallied Tuesday when Nvidia Corp. and Advanced Micro Devices Inc. said they would supply semiconductors to a Saudi Arabian artificial-intelligence firm for a $10 billion data-center project. US equity futures were little changed. China’s most valuable company, Tencent Holdings Ltd. will announce earnings Wednesday, and Alibaba Group Holding Ltd. will report the following day. The results may reveal how the sector’s two largest companies are coping with the uncertain geopolitical outlook, and give a guide as to whether Chinese tech stocks may resume their rally. Tencent shares climbed 2% in Hong Kong, while Alibaba’s rose 1.6%. Taiwan Semiconductor Manufacturing Co. jumped more than 2% in Taipei, the biggest contributor to gains in the MSCI Asia Pacific Index. Sony Group Corp. shares swung to a gain after the company said it would buy back up to ¥250 billion ($1.7 billion) of shares over the next year. The announcement came as the company reported full-year operating profit that missed analysts’ estimates. Chinese shipping and port stocks advanced on optimism the de-escalation of trade war between US and China will trigger a rebound in shipping demand and freight rates. Ningbo Marine Co., Nanjing Port Co. and Ningbo Ocean Shipping Co. all rose by the 10% daily limit.
The US dollar was broadly weaker with the Bloomberg Dollar Spot Index falling 0.1%. The Australian dollar strengthened after a government report showed wage growth in the nation was stronger than expected in the first quarter. Taiwan’s dollar led gains in Asian currencies. The Treasury 10-year yield was little changed at 4.47%. US benchmark stock indexes erased their 2025 losses Tuesday on signs trade tensions are easing and after a report showed US inflation was softer than economists forecast. The S&P 500 closed 0.7% higher, while the Nasdaq 100 climbed 1.6% and the Bloomberg Magnificent Seven index of megacaps added 2.2%. The Trump administration plans to overhaul regulations on the export of semiconductors used in AI, tossing out a Biden-era approach that had drawn objections from America’s allies. The US is also weighing a deal that would allow the United Arab Emirates to import more than a million advanced Nvidia chips, people familiar with the matter said. The easing of trade tensions and a surprisingly positive US earnings season have spurred optimism after a period of doubt about Corporate America’s ability to meet high profit expectations. The stock market is “gonna go a lot higher,” President Donald Trump said, citing an “explosion of investment and jobs” as he said Saudi Arabia would commit to investing $1 trillion in the US. Oil steadied after the biggest four-day rally since October, spurred by trade-war optimism and Trump’s increasingly hostile rhetoric on Iranian supply. Gold held a small gain after US inflation data was weaker than expected, spurring traders to shore up bets on Federal Reserve interest-rate cuts. US After Hours AEO -15.1% as it withdraws FY25 guidance; TXO -10% on acquisition of assets and offering; ECG +12.8% higher on earnings.
Nikkei -0.14% Hang Seng +2.05% CSI +1.61% Shanghai +1.23% Shenzen +1.01%
Eur$ 1.1188 CNH 7.2109 CNY 7.2153 JPY 146.90 GBP 1.3304 CHF 0.8386 RUB 79.8500 TRY 38.7881 WTI$ 63.26 -0.64% Gold 3,225.71 -0.76% BTC 103,815 -0.76% ETH 2,673 -0.63%
S&P +0.09% Nasdaq +0.20% EuroStoxx -0.11% FTSE -0.26% Dax -0.13% SMI
Macro :
- Merz Risks Coalition Spat With Call to Scrap EU Supply-Chain Law
- Millennium Hires Ex-UBS Asia-Pacific Equity Derivatives Head
- Millennium Hires Ex-UBS Asia-Pacific Equity Derivatives Head
- Trump Says Boeing 747 Being Gifted by Qatar to US, Not to Him
- MSCI to Add Ryanair, Sigma Healthcare to World Index
- Senate Republicans Balk at House Plan to Gut Energy Tax Cuts
Keep an eye on :
Keep an eye on :
- ABN NA : ABN Amro 1Q Net Interest Income Meets Estimates, ABN Amro Profit Beats Expectations on Cost Control, Fee Income
- ADS GY : DWS to Vote Against Rabe’s Re-Election as Adidas Chair: FT
- AGFB BB : Agfa-Gevaert 1Q Revenue EU242M
- ALC SW : Alcon AG Boosts FY Net Sales Forecast, Beats Estimates
- ALS FP : Alstom 2026 Free Cash Flow Forecast Misses Estimates
- AMZN US : AWS, Humain to Invest Over $5b in Saudi Arabia for AI Innovation
- ATO FP : Atos Announces Strategic Plan, Sees Rev. €9B-€10B for FY28
- AUR US : Aurora Innovation Slips on Uber Plan to Sell $1B of Exchangeable Notes (-7.3 in trading hours, -17% in After Hours )
- BBVA SM : BBVA Estimates 2,500 Job Cuts in Sabadell Takeover: Expansion
- BEKB BB : Bekaert 1Q Revenue EU991M Vs. EU1.03B Y/y
- BEN FP : Beneteau 1Q Sales at Constant Exchange Rates -43.6%
- BIDU US : Baidu Eyes European Debut for Driverless Taxi
- GBF GY : Bilfinger 1Q Sales EU1.27B Vs. EU1.09B Y/y
- ENFP : Bouygues 1Q Adj. Current Oper Income EU69M Vs. EU26M Y/y
- BRBY LN : Burberry FY Retail Comparable Sales Beat Estimates
- 1211 HK : New BYD centers to aid Brazil's growth 2.32%
- IAG LN : MSCI to Add Ryanair, Sigma Healthcare to World Index
- CTY1S FH : Citycon 1Q Net Rental Income EU50.1M Vs. EU51.0M Y/y
- COIN US : Coinbase Soars on Replacing Discover in S&P 500 +24% in trading hours, +
- DTG GY : Daimler Truck Guidance Cut Unsurprising, First-Quarter Impresses
- PBB GY : Deutsche PBB 1Q Net Interest Income Meets Estimates
- DIE BB : D’Ieteren Sees 2028 Adj Ebit Mid-Single-Digit Percentage-Growth
- DIS US : Disney’s $30 a Month for ESPN Service to Hinder Uptake: Cowen
- FGR FP : Eiffage 1Q Sales EU5.62B Vs. EU5.19B Y/y
- PRT IM : Esprinet FY Adjusted Ebitda Forecast Misses Estimates
- EOAN GY : E.On 1Q Adjusted Ebitda Beats Estimates
- EOAN GY : EON Says Grid Investments Drove First-Quarter Earnings Jump
- ETOR US - IPO : EToro Upsized IPO Prices at $52/Share, Above $46-$50 Range
- ENX FP : Euronext Paris SA: Euronext Closes Purchase of Admincontrol
- FER SM : Ferrovial 1Q Revenue Beats Estimates
- FSLR US : First Solar, Peers Jump as Budget Bill Seen as ‘Bullish’ +23% in trading hours
- FLS DC : FLSmidth Boosts FY Ebita Forecast; Progress on Cement Sale
- GRAL US : GRAIL Shares Advance After Test Order Pact With Athenahealth +19% BUT-18% ib after Hours after reporting numbers
- GYC GY : Grand City Properties 1Q Adj. Ebitda EU84.6M Vs. EU82.0M Y/y, Grand City Properties Suspending 2024 Dividend Payout
- 9660 HK :
- HLAG GY : Hapag-Lloyd 1Q Ebitda Margin Misses Estimates
- INH GY : Indus Holding 1Q Ebit EU19.6M Vs. EU26.7M Y/y
- INPST NA : InPost 1Q Net Income From Continuing Ops Misses Estimates
- INW IM : INWIT 1Q Ebitda Meets Estimates
- INW IM : INWIT 1Q Ebitda Meets Estimates
- JD US : JD.com Jumps as Trade-In Subsidies Boost Growth: Street Wrap
- KBL CN : K-Bro Linen to Buy Star Mayan
- HLUNB DC : Lundbeck Boosts FY Adj. Ebitda at CER Forecast
- MEKKO FH : Marimekko 1Q Adjusted EPS Matches Estimates
- MRL SM : Merlin Properties 1Q Adjusted Ebitda EU102.0M Vs. EU93.6M Y/y
- MOWI NO : Mowi 1Q Net Income Misses Estimates, Mowi 1Q Ebit Misses Estimates; Outlook Maintained
- NVDA US : Nvidia CEO Huang’s 2025 Total Comp. $49.9m vs $34.2m Y/y
- OKLO US : Oklo Shares Fall in Extended Trading After Earnings Release
- PAT GY : Patrizia Maintains FY Ebitda Forecast
- R3NK GY : RENK Group 1Q Revenue Misses Estimates
- RYA ID : MSCI to Add Ryanair, Sigma Healthcare to World Index
- 005930 KS : Samsung to Buy FläktGroup for 1.5b Euros
- 9984 JP : SoftBank Profit Doubles After ByteDance, Didi Values Surge --> +4%
- 9984 JP : OpenAI to Announce Stargate Data Center in UAE
- SHUR BB : Shurgard 1Q Property Operating Revenue EU111.6M Vs. EU93.4M Y/y
- SBNOR NO : Sparebanken Norge Agrees to Buy Oslofjord Sparebank (1)
- STEFB SS : Stendorren Fastigheter Offering of Shares Prices at SEK194/Share
- 4XO GY : Steyr Motors 1Q Revenue EU11.5M
- TEF SM : Telefonica 1Q Revenue Misses Estimates
- TSLA US : Musk Strikes Starlink Deal With Saudi Arabia During Trump Visit
- TSLA US : Tesla’s Board Forms Special Committee to Discuss Musk’s Pay: FT
- TRI FP : Trigano 1H Net Income Beats Estimates
- TUI1 GY : TUI 2Q Underlying Ebit Loss EU207M, Est. Loss EU222M
- TLW LN : Gunvor Financed Gabon’s $300 Million Deal For Tullow Oil Assets
- UBER US : Uber Offers $1 Billion of Exchangeable Bonds Tied to Aurora
- UBSG SW : Credit Suisse 2023 Bonus Ban Wasn’t Legal, Swiss Court Says
- VER AV : Verbund 1Q Net Income EU396.7M Vs. EU506.0M Y/y
- VFS US : VinFast Says It Delivered 9,588 EVs in Vietnam in April
- VOLVB SS : Isuzu, UD Trucks to Consolidate Sales Units in Japan
- FHZN SW : Zurich Airport April Passenger Traffic +6%