Australia's export price index rose 3.6%, while its import price index advanced 0.2% in the fourth quarter of 2024.
Tokyo stocks opened flat Thursday, as selling after Wall Street losses overnight was offset by buying of semiconductor-related issues. In the first 15 minutes of trading, the 225-issue Nikkei Stock Average fell 5.
Asian markets rose in holiday-thinned trade Wednesday, tracking a rally on Wall Street, where tech titans led by Nvidia recovered some of their hefty losses a day earlier as worries over Chinese AI startup DeepSeek subsided.
The S&P 500 dropped 1.7 per cent, and the Nasdaq 100 slipped 3.1 per cent. With big tech stocks crashing, US stocks were set for their worst day since the last US Federal Reserve policy verdict roiled
Tokyo stocks opened higher Friday after an overnight rise on Wall Street, but gains were limited as investors were cautious ahead of
A tech sell-off on Monday saw more than $1 trillion in value erased over concerns over China's DeepSeek AI app.
Shares were mixed in thin Asian trading on Monday after U.S. stocks edged back from their all-time high. Oil prices fell and U.S. futures sank, while Chinese shares shed some of
Monday's selloff was the result of a free AI assistant launched by Chinese startup DeepSeek, which had claimed that its models use less data at a fraction of the cost of services currently available. Even though there was scepticism over DeepSeek's cost claims, OpenAI CEO Sam Altman called it an "impressive model".
U.S. stock indexes are rallying toward the close of their best week in two months. The S&P 500 rose 1.1% Friday.
NEW YORK (AP) — U.S. stocks are drifting around a record on Friday as they head for the close of a second straight winning week.
U.S. stocks are hanging near a record as they head for the close of a second straight winning week. The S&P 500 was flat in early trading Friday, a day
Major AI players, including Nvidia, Meta, Microsoft, and Alphabet, saw significant losses, with Nvidia shedding over 11% and losing $400 billion in market value. Analysts highlighted China’s growing challenge to US tech dominance.