Asian shares rose after a renewed wave of buying in companies linked to the artificial-intelligence boom sent Wall Street benchmarks to new peaks. Gold and oil edged lower on a peace deal in the Middle East. MSCI’s regional stock gauge rose 0.3% with tech firms such as SoftBank Group Corp. among the winners. Shares in mainland China rose 0.5% as markets reopened after the Golden Week break. The yen was little changed after touching its weakest level against the dollar since February, raising speculation about official intervention. Gold fell, but still traded above $4,000, as traders took some profit after a scorching rally and on reduced demand for haven assets. Oil also retreated after President Donald Trump said Israel and Hamas have both signed off on the first phase of a peace plan. US equity-index futures pared their gains after China tightened exports of rare earth items. The US stock gains suggest traders are looking past worries of a potential bubble in high-profile tech names that have driven the rally, instead focusing on corporate resilience and the restart of Federal Reserve interest-rate cuts. The optimism that’s powered equities since their April slump now faces a key test as earnings season begins. Nvidia Corp. led the advance in US mega-caps as chief Jensen Huang said demand for Blackwell chips is “really, really” high. Attention in Asia is firmly on China’s markets as trading resumed after the Golden Week break. Investors are weighing whether renewed enthusiasm for artificial intelligence can outweigh signs of soft consumer spending. Holiday data showed households remained cautious. Spending was restrained, with cheaper road trips replacing flights and box office sales missing expectations. The weakness in consumption comes alongside an artificial intelligence frenzy that sent global tech stocks to fresh highs while China was shut, fueled by firms touting OpenAI ties.
The CSI 300 Index climbed for five straight months through September, its longest winning streak since 2017, led by enthusiasm over chip stocks after DeepSeek’s unveiling of an updated AI model and Huawei Technologies Co.’s plan to double output of its top AI chips. The gauge is up 18% this year. In geopolitical news, Trump said both Israel and Hamas had agreed to terms for the release of all hostages held by the Palestinian militant group in Gaza, a major breakthrough in the US-brokered negotiations to end their two-year war. With a slim economic calendar amid the US government shutdown, investors on Wednesday scoured the minutes of the latest Fed meeting, with officials showing a willingness to lower rates further this year, but many expressing caution driven by concerns over inflation. The Fed is clearly not on a preset path and data dependency is now more necessary than before, especially as officials attempt to calibrate between conflicting goals, said Luis Alvarado at Wells Fargo Investment Institute. “We still expect two more quarter-point rate cuts by the end of this year, and two more next year,” he noted. US After Hours AZZ -4.7% lower on earnings; AZO +0.5% ticking higher on increase to share repurchase program.
Nikkei +1.41% Hang Seng -0.06% CSI +1.77% Shanghai +1.08% Shenzen +1.46%
Eur$ 1.1645 CNH 7.1317 CNY 7.1291 JPY 152.49 GBP 1.3415 CHF 0.8006 RUB 81.3406 TRY 41.7218 WTI$ 62.05 -0.80% Gold 4,021 -0.53% BTC 151,885 -0.83% ETH 4,434 -1.58%
S&P -0.08% Nasdaq -0.07% EuroStoxx -0.25% FTSE -0.77% Dax -0.19% SMI
Macro :
- Nassim Taleb Warns to Hedge Against Crash as Debt Crisis Looms
- Trump Says Israel, Hamas Reach Hostage Deal in Gaza Breakthrough
- Cantor Seeks New UBS O’Connor Deal on First Brands Exposure
- Cantor Seeks New UBS O’Connor Deal on First Brands Exposure
- Citi Natural Gas Trader Gets Hired by Quant Firm Squarepoint
- China to Bolster Asia Stocks With Yuan Anchor Returning
Keep an eye on :
Keep an eye on :
- AIR FP : Airbus Sept. Aircraft Deliveries 73 Jets
- ALO FP : Train Maker Alstom Names Aerospace Leader Sion as Its New CEO
- ALO FP : Train Maker Alstom Names Aerospace Leader Sion as Its New CEO
- AZO US : AutoZone Authorizes Added $1.5B Stock Buyback
- AVIO IM : Avio Shares Soar by Record on Potential New Satellite Launches
- BRAV SS : Bravida Holding Says It Will Sue Örnsköldsvik Municipality
- FAGR BB : Fagron 3Q Revenue Meets Estimates
- FNTN GY : Mobilezone to Sell German Business to Freenet
- GXI GY : Gerresheimer Cuts FY Currency-Adjusted Organic Revenue Forecast
- GOOGL US : Google To Invest €5b In Belgium For Cloud, AI Expansion
- 11 HK : *HANG SENG BANK SURGES 15% ON PRIVATIZATION PLANS; HSBC -2.8%
- EMG LN : Man Group Calls for Rotation Away From US Stocks to Global Peers
- MSFT US : Microsoft Tries to Catch Up in AI With Healthcare Push, Harvard Deal - WSJ
- MOZN SW : Mobilezone to Sell German Business to Freenet
- NFLX US : Warner Music In Talks With Netflix for Films About Its Artists
- NOVOB DC : MCP Halts Health Claims Challenged by Novo Nordisk, BBB Says
- NVDA US : US Approves Some Nvidia UAE Sales In Step of Trump AI Diplomacy
- OBCK GY : Ottobock’s German IPO Said to Be About 10 Times Oversubscribed
- SW FP : Sodexo Names Delaporte CEO, Bellon Remains Non-Executive Chair
- SOP FP : Sopra Steria Says CEO Malargé Has Decided to Step Down
- SZU GY : Suedzucker 2Q Operating Profit Misses Estimates
- VSURE SS : Verisure’s 21% Rally Punctuates Hot Run for Stockholm: ECM Watch
- WMG US : Warner Music In Talks With Netflix for Films About Its Artists