Asian indices in range-bound trading
image for illustrative purpose
Bangkok: Asian shares are mixed after a rebound for Nvidia propped up a weakened Wall Street.Japan’s Nikkei jumped 1.4 per cent to 39,726.39, buoyed by strong demand for technology shares driven by the enthusiasm over Nvidia and artificial intelligence.
Tokyo Electron gained 3.2 per cent and Advantest Corp. soared 6.6 per cent Shin-Etsu Chemical Co. added 1.3 per cent. The Kospi in Seoul was up 0.2 per cent at 2,781.15. Chinese shares retreated. Hong Kong’s Hang Seng edged 0.1 per cent lower to 18,052.55 and the Shanghai Composite index slipped 0.5 per cent to 2,936.71. Australia’s S&P/ASX 200 declined 0.9 per cent to 7,765.40. Shares rose in Taiwan and India and edged higher in Thailand.
On Tuesday, the S&P 500 rose 0.4 per cent and neared its all-time high set a week earlier, closing at 5,469.30. The Dow Jones Industrial Average, which does not include Nvidia, dropped 0.8 per cent to 39,112.16, and the Nasdaq composite jumped 1.3 per cent to 17,717.65. Most stocks outside Wall Street’s frenzy around artificial-intelligence technology fell.
