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.
US and European stock futures gained after strong earnings from Apple Inc. and Intel Corp. boosted sentiment, while the dollar also rose as traders brace for President Donald trump’s tariffs announcements on Saturday.
Asia markets are mostly higher on Friday following gains on Wall Street driven by Tesla, IBM and Meta Platforms after strong profit reports. U.S. futures and oil prices rose.
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Hong Kong stocks rose, bucking losses in regional markets, on speculation global funds will switch from expensive US tech companies after Chinese start-up DeepSeek sparked a sell-off on Wall ...
The KSE-100 witnessed strong buying for the major part of the day, hitting an intra-day high of 115,106.99, a gain of around 1,900 points as compared to the previous close. However, some late-session selling trimmed the intra-day gains.
Samsung Electronics (SSNLF) warned of slower demand for its AI chips in the first quarter of 2025 partly due to U.S. export restrictions.
Samsung Electronics (GB:SMSN) (SSNLF) reported impressive fourth quarter of 2024 results, with net income reflecting an increase of 25.77%
Massive buying was witnessed at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 gaining nearly 1,700 points during the first half of the trading session on Friday. At 12pm, the benchmark index was hovering at 114,865.61, an increase of 1,659.21 points or 1.47%.
Most Asian markets edged up Friday at the end of a week beset by volatility after China's DeepSeek unveiled a groundbreaking chatbot, while sentiment was dampened after Donald Trump confirmed he hit Canada and Mexico with hefty tariffs.
Asian shares wavered on Friday, weighed down by the return of tech-heavy South Korean stocks from holidays, but relatively strong earnings from U.S. tech giants kept risk sentiment intact while tariff threats pushed the dollar and gold prices higher.
Asian equities fell Friday, pressured by technology companies. US futures climbed after robust results from Apple Inc.