Tokyo Leads Uneven Asian Trading as AI Demand Counters Iran Risks
The Nikkei climbed 2.4% while Australia's benchmark fell, as investors weighed technology demand against uncertainty over the Iran war.
Asian markets mostly rose Thursday, led by a 2.4% jump in Japan’s Nikkei 225 to 68,355.81. Investor interest in technology shares supported trading despite worries about the war in Iran.
Australia’s S&P/ASX 200 fell 1.7% to 8,638.10. South Korea’s Kospi gained 0.5%, Hong Kong’s Hang Seng rose 0.4%, and the Shanghai Composite added 0.3%.
In Tokyo, Advantest, Tokyo Electron and SoftBank Group have risen in recent sessions. The companies are among those expected to benefit from strong demand for computer chips and growth tied to artificial intelligence.
U.S. stocks mostly fell Wednesday. The S&P 500 slipped 0.3%, the Dow Jones Industrial Average lost 0.9%, and the Nasdaq composite rose 0.2%.
A report showed U.S. consumer prices were 3.4% higher in August than a year earlier, below economists’ 3.7% forecast but above the Federal Reserve’s 2% target.
Oil prices also remain in focus as traders watch for developments in the Iran war and the restoration of crude flows. U.S. crude fell 0.56% to $89.91 a barrel, while Brent dropped 0.35% to $97.69.
This article was produced with the help of AI technology.
Source: Yahoo Finance
