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Time of India
25-06-2025
- Business
- Time of India
Japan's Nikkei ends at over 4-month high as chip-related shares track US peers higher
Japan's Nikkei share average ended at a more than four-month high on Wednesday, as chip-related stocks tracked overnight gains of their U.S. peers. The Nikkei rose 0.39% to 38,942.07, its highest closing level since February 19, after flitting between modest gains and losses. The broader Topix inched up 0.03% at 2,782.24. "The Nikkei swayed between gains and losses today as investors tried to book profits from gains in the previous session," said Shigetoshi Kamada, general manager at the research department at Tachibana Securities. "But the index is showing an upside trend now, so as long as we do not see any negative news, investors want to buy stocks to cover their short positions." Live Events The Nikkei snapped a three-day losing streak to end higher on Tuesday after U.S. President Donald Trump announced the ceasefire agreement late Monday. The truce appeared fragile: Both Israel and Iran took hours to acknowledge they had accepted the ceasefire and accused each other of violating it. Still, investors viewed the ceasefire rhetoric as a sign of de-escalating tensions, pushing the U.S. stocks up more than 1% overnight. Chip-related stocks advanced, tracking a 3.8% gain in the U.S. Philadelphia Semiconductor Index. Advantest added 3.32% and Tokyo Electron climbed 3.26%, becoming the biggest source of the Nikkei's gain. Technology investor SoftBank Group fell 1.73% to weigh on the Nikkei the most. Olympus tanked 10.6% after the U.S. Food and Drug Administration issued an import alert for certain medical devices made by the medical equipment maker. Shares of Toyota Motor lost 1.18%. Of more than 1,600 stocks trading on the Tokyo Stock Exchange 's prime market, 45% rose and 50% dropped, while 4% traded flat.
Business Standard
25-06-2025
- Business
- Business Standard
Wall Street Rallies as Ceasefire Boosts Sentiment; Tech and Airlines Lead Market Surge
Investor optimism rises amid easing geopolitical tensions and strong sectoral gains, despite weak consumer confidence data. The Nasdaq surged 281.56 points (1.4%) to 19,912.53, the Dow jumped 507.24 points (1.2%) to 43,089.02 and the S&P 500 shot up 67.01 points (1.1%) to 6,092.18. Wall Street extended its gains following President Trump's announcement of a ceasefire between Israel and Iran, easing investor concerns over geopolitical tensions. Despite accusations of violations from both sides, market sentiment remained optimistic. Traders also brushed off Fed Chair Jerome Powells remarks about holding interest rates steady, despite pressure from Trump. The Conference Board released a report showing an unexpected deterioration by consumer confidence in the month of June. Its consumer confidence index fell to 93.0 in June from a revised 98.4 in May. Semiconductor stocks turned in some of the market's best performances, , with the Philadelphia Semiconductor Index soaring by 3.8%. Airline stocks are substantially strong, as reflected by the 3.6% surge by the NYSE Arca Airline Index. Computer hardware, networking and biotechnology stocks too were strong while gold and oil producer stocks bucked the uptrend. Asia-Pacific stocks moved sharply higher. Japan's Nikkei 225 Index shot up by 1.1%, while Hong Kong's Hang Seng Index surged by 2.1%. Most European stocks moved upwards. Germany's DAX Index jumped by 1.6% and France's CAC 40 Index advanced by 1.0%, although the U.K.'s FTSE 100 Index closed only slightly above the unchanged line. In the bond market, treasuries moved higher over the course of the session. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, fell 2.7 bps at 4.29%.
Mint
25-06-2025
- Business
- Mint
Japans Nikkei ends at over 4-month high as chip-related shares track US peers higher
TOKYO, - Japan's Nikkei share average ended at a more than four-month high on Wednesday, as chip-related stocks tracked overnight gains of their U.S. peers. The Nikkei rose 0.39% to 38,942.07, its highest closing level since February 19, after flitting between modest gains and losses. The broader Topix inched up 0.03% at 2,782.24. "The Nikkei swayed between gains and losses today as investors tried to book profits from gains in the previous session," said Shigetoshi Kamada, general manager at the research department at Tachibana Securities. "But the index is showing an upside trend now, so as long as we do not see any negative news, investors want to buy stocks to cover their short positions." The Nikkei snapped a three-day losing streak to end higher on Tuesday after U.S. President Donald Trump announced the ceasefire agreement late Monday. The truce appeared fragile: Both Israel and Iran took hours to acknowledge they had accepted the ceasefire and accused each other of violating it. Still, investors viewed the ceasefire rhetoric as a sign of de-escalating tensions, pushing the U.S. stocks up more than 1% overnight. Chip-related stocks advanced, tracking a 3.8% gain in the U.S. Philadelphia Semiconductor Index. Advantest added 3.32% and Tokyo Electron climbed 3.26%, becoming the biggest source of the Nikkei's gain. Technology investor SoftBank Group fell 1.73% to weigh on the Nikkei the most. Olympus tanked 10.6% after the U.S. Food and Drug Administration issued an import alert for certain medical devices made by the medical equipment maker. Shares of Toyota Motor lost 1.18%. Of more than 1,600 stocks trading on the Tokyo Stock Exchange's prime market, 45% rose and 50% dropped, while 4% traded flat. This article was generated from an automated news agency feed without modifications to text.
Yahoo
20-06-2025
- Business
- Yahoo
Stock Market Today: Techs sag on report U.S. will limit chip exports
Stock Market Today: Techs sag on report U.S. will limit chip exports originally appeared on TheStreet. Updated 11:45 a.m. EDT Stocks have lost their early gains on reports the Trump administration is planning to revoke waivers that allow chip companies to use American chipmaking technology in China. The Philadelphia Semiconductor Index and the VanEck Semiconductor ETF () were both off 1.3%. The catalyst was a Wall Street Journal report that a top Commerce Department official has told chip manufacturers like Taiwan Semiconductor () he wants to revoke waivers that gave them blanket permission to use American technology at their plants in China. Instead, the Commerce Department would require export licenses on each instance of using U.S. technology in China, The Journal reported. The idea, if enacted, would affect U.S. trade negotiations with China and could boost costs for the chipmakers. As a result, the Standard & Poor's 500 Index was flat at 5,980. It had been as high as 6,018 early in the day. The Nasdaq-100 Index, which includes key chipmakers, was down 43 points to 21,677. It had been as high as 21,902. Taiwan Semi was off 1.7% to $210. The Dow Jones Industrial Average was still up 159 points to 42,331. Updated 10:20 a.m. EDT Stocks jumped at the open, then faded slightly as investors seemed relieved that the U.S. was holding off on deciding whether to join Israel's war against Iran. At 10 a.m. EDT the Standard& Poor's 500 Index had climbed 16 points to 5,997. The Dow Jones Industrial Average had jumped 167 points to 42,339. 💸💰Don't miss the move: Subscribe to TheStreet's free daily newsletter 💰💸 The Nasdaq Composite Index had risen 32 points to 19578, and the Nasdaq-100 index was up 53 points to 21,772. President Trump said Thursday he expected to decide the question within two weeks. Trump frequently delays decisions like these. His Republican Party has split between isolationists, who form the core of the MAGA side, and hawks, who favor attacking Iran to disable the country's nuclear ambitions. Crude oil and gold prices were lower as war fever ebbed. Crude was off 52 cents to $74.60. Gold was down $28 to $3,380. Silver, which hit a 52-week high of $37.41 per ounce on Wednesday, had fallen 98 cents to $35.94 but was still up 22.2% for the year. It's not easy being Federal Reserve Chairman Jerome Powell. A day after the Fed held interest rates steady, President Trump was raging about the decision. Bill Pulte, chairman of the Federal Housing Finance Agency, was calling on the Fed chairman to cut rates or resign. Christopher Waller, a Fed governor (and believed to covet the chairman's job), told CNBC Friday he thinks a rate cut could come early as the Fed's July 29-30 meeting Powell's term as chairman doesn't end until May 2026, and Trump has basically guaranteed he won't be offered a third battle has to do with how the Fed is affecting mortgage rates. Currently, a 30-year mortgage will cost about 6.8% to 6.9%. Housing data are generally weak, and building optimism is seriously depressed. While Powell is the de facto leader of the Federal Open Market Committee, the Fed's rate-making body, he is only one of more than a dozen central bank officials who vote on the bank's interest rate moves. Even so, Trump has raged at Powell for more than seven years after the president elevated him to lead the Fed in 2017. Investors seemed relieved early Friday after President Donald Trump said he'd decide within two weeks whether to commit America to join Israel in its war against Iraq. Oil prices were falling with crude oil down 39 cents to $73.11. 💵💰💰💵 Trump's decision seemed to surprise many after he'd called for "unconditional surrender" from Iran over its nuclear aspirations. But Trump ally Steve Bannon, a vocal opponent of going to war, visited the White House on Thursday. Futures trading suggests the Standard& Poor's 500 Index will open 8 points higher. The Dow Jones Industrial Average was looking at an opening increase of about 67 points, and Nasdaq-100 futures were up about 50 points. U.S. markets had been closed Thursday for the Juneteenth holiday. Shares of Accenture () were off 2% preopen even as the consulting giant reported better-than-expected earnings and revenue. Barron's cited weak bookings and leadership changes for the decline. Shares of supermarket operator Kroger () were up 1% to $66.25. . Building-materials supplier GMS () shares were up 27% premarket to $101 as a bidding war for the company erupted between Home Depot () and Brad Jacobs' QXO. GMS has a market capitalization of about $3.1 billion. Wall Street believes the bidding is already at $5 billion. The 10-year note yield was up slightly at 4.436%.Stock Market Today: Techs sag on report U.S. will limit chip exports first appeared on TheStreet on Jun 20, 2025 This story was originally reported by TheStreet on Jun 20, 2025, where it first appeared.
Yahoo
16-06-2025
- Business
- Yahoo
AMD, Palantir Soar as Tech Rebounds on Iran De-Escalation
June 16 Shares of Palantir Technologies (NASDAQ:PLTR) and Advanced Micro Devices (NASDAQ:AMD) surged on Monday, leading a broad rebound across the tech sector as investors looked past recent Middle East tensions. Palantir rose about 4%, while AMD jumped more than 8%, after the chipmaker reiterated its AI strategy during a presentation last week, emphasizing its growing role in AI inferencing. Warning! GuruFocus has detected 5 Warning Signs with QCOM. The Philadelphia Semiconductor Index climbed nearly 3%, while the iShares Expanded Tech-Software ETF added 1%. Semiconductor stocks traded mostly higher. Taiwan Semiconductor Manufacturing (NYSE:TSM) gained 3%, while Nvidia (NVDA), Micron Technology (NASDAQ:MU), and Monolithic Power Systems (NASDAQ:MPWR) added 1.8%, 3.8%, and 5.5%, respectively. Qualcomm (NASDAQ:QCOM) and Texas Instruments (NASDAQ:TXN) each rose 2%, and Broadcom (NASDAQ:AVGO) edged 0.9% higher. Software and cloud firms also posted early gains. Microsoft (MSFT) rose 1.1%, Salesforce (CRM) added 1.6%, Autodesk (ADSK) was up 1.6%, and Atlassian (NASDAQ:TEAM) rose 2.5%. (MNDY) advanced 3.5%. CoreWeave (CRWV) jumped 3.8% following recent AI infrastructure momentum. Amazon (AMZN) and Alphabet (NASDAQ:GOOGL) edged higher, while Oracle (ORCL) slipped 1.3%. U.S. indices opened higher as investors appeared to downplay geopolitical risk. Market sentiment improved after reports suggested Iran was engaging in diplomatic talks to ease tensions with Israel and the U.S., following last week's exchange of missile strikes. This article first appeared on GuruFocus.
