The Nikkei 225 Index continued pumping today, June 22, reaching a new all-time high of 72,639, after the US and Iran agreed on a roadmap for a deal, and as the artificial intelligence supercycle continued. It has jumped by 45% this year. This article highlights some of the top news that will drive Japanese stocks
The Hang Seng Index continued to deviate from its global peers today, June 22, and formed two major highly bearish patterns, pointing to further downside in the near term. The index, which tracks the top Chinese companies, dropped to 23,445 on Monday, its lowest level since June last year and 16% below its all-time high.
Global investors have focused on the performance of top memory stocks like Micron (MU), Sandisk (SNDK), and SK Hynix this year as they surpass their all-time highs each week. However, Kioxia stock, a top competitor, is beating all of them by a large margin. Kioxia stock is firing on all cylinders Kioxia stock price is
The FTSE 100 Index has wavered in the past few weeks and continued to underperform its top global peers like the S&P 500, Kospi, and the Nikkei 225. It has barely moved in the past three months. This article highlights some of the top catalysts for the Footsie this week. FTSE 100 Index to react
Platinum price is on track to record its sixth consecutive week of losses amid macroeconomic headwinds. Despite the structurally tight market, a hawkish Federal Reserve and stronger US dollarare weighing on the precious and industrial metal. Platinum price reverses gains amid macroeconomic pressures Early in the year, platinum price rallied to an all-time high as
Copper price edged lower earlier on Monday before recouping some of those losses. At the time of writing, Comex futures were trading at $6.37 a pound after hitting an intraday low of $6.27. At its current level, the bulls are striving for a rebound back within the months-long bullish channel. On the one hand, the
Sandisk, Western Digital, and Seagate stocks have been in a strong rally this year and are the top gainers in the S&P 500 and Nasdaq 100 indices. SNDK jumped by 800% this year, while Western Digital, Micron, and Seagate have soared by 320%, 285%, and 280%, respectively. Sandisk, Western Digital, and Seagate face a major
China EV stocks are in a strong freefall this year as investors remain pessimistic about their growth prospects. Nio stock slipped to $5 on Friday, down nearly 30% from its May high, and is hovering at its lowest level since March 9. Xpeng stock has tumbled to $13.21 in New York, down 53% from its
The crypto market remained in a consolidation mode on Sunday as demand waned following last week’s hawkish Fed decision. Bitcoin was trading at $64,400, up by 1% in the last 24 hours, while the market capitalization in the industry rose by 0.64% to $2.2 trillion. This article looks at key coins, including Aerodrome Finance (AERO),
The USD/JPY exchange rate continued its strong rally last week, reaching its highest point since 1986. It peaked at 161.81, up by 15% from its lowest level in May last year, putting investors on edge as they wait for the next actions by the Bank of Japan (BoJ). USD/JPY jumps after the hawkish Fed The