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Japanese equities sank amid indications of Democratic gains in Tuesday’s midterm elections, a scenario some strategists had said would weigh on AI stocks.
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India’s $5.4 trillion equity market is bouncing back to life, creating a sweet spot for exchanges and brokerages as stronger trading activity brightens their earnings outlook.
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New World Development Co. has suspended trading in its shares, as the embattled real estate firm prepares to make an announcement to investors a month after reporting a record annual loss.
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Singapore Telecommunications Ltd. said it is largely insulated from developments surrounding Nvidia Corp., with only a small share of its data-center capacity exposed to neocloud customers that may be linked to the chipmaker.
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Asian stocks climbed as technology shares rebounded from Thursday’s losses, with investors starting to look beyond the leadership turmoil at Nvidia Corp. and refocus on the outlook for the artificial-intelligence trade.
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Jensen Huang has resigned from his role as the head of the AI chipmaker over his reported affair with a suspected Chinese spy. Nvidia shares plummeted 13% at the opening of trading on Thursday.
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A $22 billion group of US bank preferred shares has been slumping harder than even the riskiest junk bonds this year — and investors have no good way out of the trade.
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