Tokyo Inventory Alternate Opens Larger Awaiting Nvidia

2024-05-21 01:39:09

Couple Le Figaro with AFP

Posted 41 minutes in the past,
Up to date 29 minutes in the past

The flagship Nikkei index was up 0.43% at 39,238.10 factors and the broader Topix index was up 0.32% at 2,776.86 factors round 00:45 GMT.
Employees / REUTERS

The Tokyo Inventory Alternate opened within the inexperienced on Tuesday, Could 21, pushed specifically by its know-how sector, which was secure forward of US big Nvidia’s quarterly outcomes, a worldwide barometer of the effervescent synthetic intelligence (AI) sector. The flagship Nikkei index was up 0.43% at 39,238.10 factors and the broader Topix index was up 0.32% at 2,776.86 factors round 00:45 GMT.

“Expectations are excessive forward of Nvidia’s earnings launch, together with acquisitions (shares, editor’s word) ought to dominate session in Tokyo, in response to Hideyuki Ishiguro, technique specialist at Nomura Asset Administration quoted by the Bloomberg company.

Nintendo makes a small acquisition

Nintendo (+0.35%) introduced on Tuesday the acquisition of 100% of the American online game developer Shiver Leisure, which till now belonged to the Swedish Embracer Group. It is a small acquisition, the quantity of which has not been disclosed. Shiver’s enterprise mannequin will stay the identical: proceed to develop or adapt video video games for numerous consoles, together with the Nintendo Swap, the Japanese group stated in a short press launch. Nintendo’s actions are being intently scrutinized because the group stated in early Could that it supposed to make an announcement by the top of March 2025 in regards to the successor to the Swap, launched in 2017.

Yen nonetheless weak

The greenback rose to 156.39 yen at round 00:40 GMT, in opposition to 156.26 yen at 21:00 GMT on Monday. The euro additionally strengthened in opposition to the Japanese foreign money, to 169.82 yen in opposition to 169.65 yen yesterday. However, the European foreign money was virtually flat in opposition to the greenback, with one euro buying and selling at 1.0859 {dollars} in opposition to 1.0857 {dollars} on Monday. 21:00 GMT.

Oil costs fell little or no within the morning in Asia: following 00:00 GMT, a barrel of US WTI misplaced 0.1% to $79.72 and a barrel of Brent from the North Sea misplaced 0.07% to $83.65.

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