Asian investors tracked Wall Street’s tech-fuelled gains (Mohd RASFAN) <\/p>\n
Major European and Asian stock markets rose Monday as optimism over the artificial intelligence sector carried over into the new week, according to analysts.<\/p>\n
Investors began November on the front foot after an upbeat end to October that saw easing China-US tensions, a cut to US interest rates and healthy earnings from market darlings including technology giant Amazon.<\/p>\n
Traders also hoped for US jobs data later this week, though the ongoing government shutdown — with Democrats and Republicans no closer to a deal — could cause the key figures to be suspended again.<\/p>\n
“Tech and AI remain a huge theme for investors as we move into the final months of the year,” noted Kathleen Brooks, research director at trading group XTB.<\/p>\n
Nvidia, whose chips are key for many companies’ AI growth, became the first $5-trillion firm last week.<\/p>\n
Wall Street gains Friday crossed over into most Asian and European stock markets Monday.<\/p>\n
Frankfurt led gains in Europe, rising 1.2 percent in early afternoon deals.<\/p>\n
Seoul piled on 2.8 percent, reaching a fresh record-high, as investors cheered a thawing of ties between South Korea and China.<\/p>\n
Tokyo was closed for a holiday.<\/p>\n
Investors were keeping tabs on any new trade developments after Trump and Chinese President Xi Jinping met last week and agreed a deal to ease China’s rare earth curbs and lower US tariffs.<\/p>\n
Still, US Treasury Secretary Scott Bessent on Sunday warned that the White House could again hike levies on China should it block rare earth exports.<\/p>\n
Oil prices fell Monday after the OPEC+ alliance announced at the weekend that it would lift output again in December.<\/p>\n
It also said it would pause production in the first quarter of 2026.<\/p>\n
Gold prices hovered around $4,000 an ounce after China said it was scrapping a tax incentive on buying the precious metal seen as a safe-haven investment.<\/p>\n
It has retreated in recent sessions also on profit-taking, having struck an all-time peak above $4,381 last month.<\/p>\n
– Key figures at around 1130 GMT –<\/p>\n
London – FTSE 100:\u00a0UP 0.1 percent at 9,729.78 points<\/p>\n
Paris – CAC 40: UP 0.2 percent at 8,143.51<\/p>\n
Frankfurt – DAX: UP 1.2\u00a0percent at 24,234.90<\/p>\n
Hong Kong – Hang Seng Index: UP 1.0 percent at 26,158.36 (close)<\/p>\n
Shanghai – Composite: UP 0.6 percent at 3,976.52 (close)<\/p>\n
Tokyo – Nikkei 225:\u00a0Closed for a holiday<\/p>\n
New York – Dow:\u00a0UP 0.1 percent at 47,562.87 (close)<\/p>\n
Euro\/dollar:\u00a0DOWN at $1.1517 from $1.1527 on Friday<\/p>\n
Pound\/dollar: DOWN at $1.3136 from $1.3139<\/p>\n
Dollar\/yen: UP at 154.15 yen from 154.11 yen<\/p>\n
Euro\/pound:\u00a0DOWN at 87.67 from 87.74 pence<\/p>\n
Brent North Sea Crude:\u00a0DOWN 0.5 percent at $64.48 per barrel<\/p>\n","protected":false},"excerpt":{"rendered":"Asian investors tracked Wall Street’s tech-fuelled gains (Mohd RASFAN) Major European and Asian stock markets rose Monday as…\n","protected":false},"author":2,"featured_media":115668,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[365,363,364,52071,47462,111,139,69,2340,145],"class_list":["post-115667","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-artificial-intelligence","tag-artificialintelligence","tag-democrats-and-republicans","tag-government-shutdown","tag-new-zealand","tag-newzealand","tag-nz","tag-stock-markets","tag-technology"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/115667","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=115667"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/115667\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/115668"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=115667"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=115667"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=115667"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}