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Showing posts with the label samsung electronics

Asian stocks rise with earnings, economic data in focus

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[hfe_template id='11223'] [ad_1] Asian stocks edged up after the S&P 500 index advanced for a sixth day on optimism that companies will be able to weather slowing economic growth and tariff-fueled disruptions. Australian and Japanese shares climbed at the open and equity-index futures for Hong Kong pointed to a moderate gain. US stock futures edged lower after Super Micro Computer Inc. tumbled in late trading on a disappointing update. Treasuries extended this month’s advance, with 10-year yields falling for a seventh day. The dollar was little changed after strengthening on Tuesday. Gold rose and oil dropped. The stock rally faces a key test Wednesday when the US releases inflation and gross-domestic-product data, which will give investors a clue on how the economy fared just before President Donald Trump announced country-specific levies on April 2. In recent weeks, investors have taken comfort from some recent tariff reprieves and increased bets that the Federal R...

Asian equities fall: Asian equities fall as Samsung, SK Hynix weigh

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[hfe_template id='11223'] [ad_1] Asian equities fell Friday, pressured by technology companies. US futures climbed after robust results from Apple Inc. A gauge of Asian shares fell after two daily advances, and despite gains for Australian equities. Markets in mainland China, Hong Kong and Taiwan remain closed for the Lunar New Year holiday. SK Hynix Inc. and Samsung Electronics Co. fell, weighing on Korea’s Kospi. Futures for the S&P 500 and Nasdaq 100 rose Friday after the two underlying benchmarks each rose 0.5% Thursday. Gains for US contracts were helped along by a post-market rally for Apple after the iPhone maker showed revenues exceeding estimates. Earnings for mega-cap tech companies face heightened scrutiny given the heavy selling in stocks associated with artificial intelligence earlier this month. Nvidia shares rose Thursday but remained on track for the worst week since September. “This bull market is still ‘breathing,’ and we should expect more stock pa...

South Korean shares start week lower ahead of BOK rate decision, Powell's speech

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[hfe_template id='11223'] [ad_1] South Korean shares fell on Monday, ahead of a series of monetary policy events this week, with chipmakers dragging the benchmark index lower. ** The benchmark KOSPI index was down 11.91 points, or 0.44%, at 2,685.32, as of 0137 GMT, on track to snap a five-session rally. ** The U.S. Federal Reserve will release the minutes of its latest monetary policy meeting this week, and its Chair Jerome Powell is scheduled to give a speech at the annual Jackson Hole event. ** The Bank of Korea will meet on Thursday for an interest rate decision, after keeping rates on hold at a 15-year high of 3.50% for the 12th straight meeting in July. ** Chipmaker Samsung Electronics fell 2.12% and peer SK Hynix lost 2.85%, and were the biggest decliners among index heavyweights. ** Battery makers also fell, but e-commerce firms and biopharmaceutical stocks rose. ** Of the total 936 traded issues, 370 shares advanced, while 503 declined. ** Foreigners were net ...