Asia markets mostly rise after Wall Street gains on rate-cut hopes fueled by weak jobs data

Asia markets mostly rise after Wall Street gains on rate-cut hopes fueled by weak jobs data

Aerial sunrise view of Osaka city in Japan Frank Lee | Moment | Getty Images Asia-Pacific markets mostly rose Thursday, after Wall Street gained on hopes the Federal Reserve could cut interest rates next week following weaker-than-expected jobs data. Payroll processor ADP reported that private companies cut 32,000 workers in November, compared with 47,000 additions … Read more

Musk’s Starlink rival Eutelsat shares plummet 7% after report of SoftBank cutting its stake

Musk’s Starlink rival Eutelsat shares plummet 7% after report of SoftBank cutting its stake

French satellite group Eutelsat, often seen as Europe’s answer to Elon Musk’s Starlink, saw its share price plummet Wednesday following a report that Japanse investor SoftBank cut its stake in the company. Shares in Eutelsat were last trading 7.8% lower as of 6:00 a.m. ET. The moves come following a Reuters report that SoftBank has … Read more

SoftBank soars 8% as Japanese tech stocks track gains in U.S. peers

SoftBank soars 8% as Japanese tech stocks track gains in U.S. peers

Panoramic view of Busan city, South Korea taken on sunrise. Alex Veprik | Moment | Getty Images SoftBank led gains in Japanese tech-related stocks Wednesday, tracking Wall Street peers, and boosting the Nikkei 225. Tech-focused investment major SoftBank rose more than 8%, snapping a three-session streak of losses. Japan’s Tokyo Electron, which provides essential chipmaking … Read more

European defense stocks slide as U.S., Ukraine make progress on peace plan

European defense stocks slide as U.S., Ukraine make progress on peace plan

A Rheinmetall MAN Military Vehicle on Nov. 20, 2024, in Donetsk Oblast, Ukraine. Yan Dobronosov | Global Images Ukraine | Getty Images European defense stocks fell on Monday as Ukraine and the U.S. made progress on peace proposals over the weekend. The Stoxx Europe Aerospace and Defense index was 0.8% lower at the start of the … Read more

Asia markets mixed as revived AI trade lifts Japan and South Korea stocks

Asia markets mixed as revived AI trade lifts Japan and South Korea stocks

A landscaped Sunset shot over Osaka toward the Dojima River, we see the modern city skyline of Osaka in the shot, this is a beautiful shot of the sunset with beautiful orange colors, over the modern city. ©Fitopardo | Moment | Getty Images Asia-Pacific markets traded mixed Tuesday after Wall Street gains on revived artificial … Read more