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Key developments to markets on Wednesday: |
|
| Index | Last | Change | % Change |
|---|---|---|---|
|
trading higher
|
44,025.81 | +537.98 | 1.24%Positive |
|
trading higher
Nasdaq Composite Index
.IXIC |
19,756.78 | +126.58 | 0.64%Positive |
|
trading higher
S&P 500 Index
.SPX |
6,049.24 | +52.58 | 0.88%Positive |
| Index | Last | Change | % Change |
|---|---|---|---|
|
trading higher
Nikkei Index
.N225 |
39,632.92 | +604.94 | 1.55%Positive |
|
trading lower
Hang Seng Index
.HSI |
19,762.13 | -344.42 | 1.71%Negative |
|
trading lower
S&P BSE SENSEX Index
.BSESN |
75,838.36 | -1235.08 | 1.60%Negative |
Fixed Income
The temporary tariff relief has supported a pullback in Treasury yields.
U.S. 10-year Treasury yield was, however, 2 bps higher in Asia at 4.595%, having dipped 4 bps overnight.
Equities
Trump announced that OpenAI, SoftBank and Oracle will form a joint venture called Stargate and invest up to $500 billion in AI infrastructure.
Shares of SoftBank (9984.T) surged 9%, Oracle (ORCL.N) gained 7% overnight.
Nikkei jumped 1.4%, tracking broad gains on Wall Street.
MSCI’s broadest of APAC ex-Japan (.MIAPJ0000PUS) rose 0.1% as falls in Chinese stocks offset broad gains in Taiwan and South Korea.
Chinese CSI 300 fell 1.2%, Hang Seng lost 1.5%.
Forex
DXY slipped 0.1% on Wednesday to 108.08 , just above a 2-week low of 107.86, after finishing a choppy session overnight little changed.
EUR eased 0.2% to $1.0412, off a 3-week top of $1.0435.
CAD which had hit a 5-year low on Tuesday, came back last at 1.4332.
BTC near a record high at $105,701, having rallied 4% overnight as U.S. markets regulator created a task force to develop a regulatory framework for crypto assets.
Commodities
Oil flat on Wednesday, having fallen more than 2% overnight as Trump planned to boost U.S. energy production.
Brent at $79.29 a barrel, U.S. crude little changed at $75.88 a barrel.
XAU rose 0.1% to $2,747.04, having jumped 1.4% overnight.
For more news visit Reuters.com
