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Advantest shares jump as much as 14% as AI chip boom drives record sales
Employees move semiconductor testers on the assembly line of the Advantest Corp. plant in Ora, Japan on Aug. 10, 2012. Tomohiro Ohsumi | Bloomberg | Getty Images Shares of Japanese semiconductor equipment maker Advantest jumped as much as 14% Thursday after the company posted record quarterly sales, before paring gains to about 7%. Operating profit for the October-December quarter surged 64%…
Nikkei 225, Hang Seng Index, CSI 300
The Sydney Opera House Sydney, New South Wales, Australia. Gallo Images | Brand X Pictures | Getty Images India’s benchmark indexes hit a record high Thursday as Asia-Pacific markets tracked Wall Street gains on Fed rate-cut hopes and tech rebound. The Nifty 50 hit 26,284.2, while the BSE Sensex reached 86,026.18. Both the indexes had last hit record highs in September 2024. Japan’s benchmark…
Nikkei 225, Hang Seng Index rise
SHANGHAI, CHINA – JUNE 08: Aerial view of skyscrapers standing at the Lujiazui Financial District at sunrise on June 8, 2022 in Shanghai, China. Vcg | Visual China Group | Getty Images Asia-Pacific markets rose Wednesday, tracking Wall Street gains on hopes that the U.S. Federal Reserve could cut benchmark interest rates in December. Expectations rose after Bloomberg reported that White House…
SK Hynix to start mass production of new HBM3E chip
SK Hynix Inc. signage at the company’s office in Seongnam, South Korea, on Monday, April 22, 2024. SK Hynix is scheduled to release earnings figures on April 25. Photographer: SeongJoon Cho/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images SK Hynix shares surged more than 9% Thursday morning after the company said it has started mass production of a new version of its…
Asia markets: CPI, Inflation, Nvidia, FOMC
TSMC offices in San Jose, California, US, on Thursday, April 18, 2024. David Paul Morris | Bloomberg | Getty Images Asia-Pacific markets rose Thursday, tracking gains on Wall Street fueled by a tech rally. Japan’s Nikkei 225 jumped 3.41% to close at 36,833.27 and The Taiwan Weighted Index advanced 2.96% to finish at 21,653.25. During the trading session, chipmakers and related companies extended…
Tech stocks in Asia fall amid broad declines in the region after Nvidia results
Samsung Electronics’ fourth-generation high bandwidth memory or HBM3 chips have been cleared by Nvidia for use in its processors for the first time, three people briefed on the matter said. SeongJoon Cho | Bloomberg | Getty Images Tech and chip-related stocks in Asia fell on Thursday, after U.S. chip darling Nvidia reported its second-quarter results overnight, amid a broader decline in the…
