TOKYO (AP) — U.S. futures are flat afterward. President Donald Trump’s State of the Union Meanwhile, Asian stocks mostly rose.
Japanese benchmarks briefly hit record highs as investors rejoiced in Wall Street’s overnight rally driven by optimism about the artificial intelligence boom.
Tokyo’s Nikkei Stock Average rose 2.2% to 58,583 yen.12.
Stock prices also rose in China. Hong Kong’s Hang Seng Index rose 0.5% to 26,735.22, while the Shanghai Composite Index rose 0.6% to 4,142.17.
South Korea’s Kospi continued to benefit from global demand for computer chips, as the benchmark rose 2.1% to 6,093.33.
In Taiwan, shares of TSMC, the world’s largest contract computer chip manufacturer, rose 2.5%, while ThaiX rose 2.1%.
Australia’s S&P/ASX 200 rose 1.2% to 9,128.30.
In his speech, President Trump focused on jobs, manufacturing and the economy, saying it is stronger than ever. many Americans believe. He didn’t dwell on efforts to lower the cost of living, even though polls show economic and food issues are becoming increasingly burdensome.
Futures for the S&P 500 and Dow Jones Industrial Average were almost unchanged.
On Tuesday, before the speech, the S&P 500 rose 0.8% to 6,890.07. The Dow Jones Industrial Average rose 0.8% to $49,174.50, and the Nasdaq Composite Index rose 1% to $22,863.68.
Advanced Micro Devices led the market, rising 8.8% after announcing a multi-year deal. Powering the Metaplatform with chips to power its AI ambitions. Meta also received the right to purchase up to 160 million AMD shares at 1 cent per share, depending on how many chips it ultimately purchases.
This is reminiscent of the excitement of recent years, when billions of dollars were poured into AI, leading to a sharp turnaround from the previous day. Concerned about the potential downsides of AI It shocked Wall Street. IBM rose 2.7%, reversing some of its worst 13.1% decline since Monday since 2000.
chip manufacturing huge nvidia is scheduled to report results in a quarterly report later Wednesday, likely to shake up a volatile stock market as investors consider whether their huge bets on technology’s latest boom will pay off.
As has been the case since Nvidia’s chipsets emerged as the building blocks of choice for AI, expectations are sky-high for the company’s results for its fiscal quarter, which covers November through January.
Major US companies are reporting profits for the end of 2025 that are mostly better than analysts expected. Keysight Technologies rose 23.1%, the biggest gainer in the S&P 500. home depot It also rose 2% after delivering stronger earnings and revenue than analysts expected.
In the bond market, US Treasury yields remained relatively stable following reports that: US consumer confidence increases This exceeded economists’ expectations. As of late Monday, the 10-year U.S. Treasury yield held steady at 4.03%.
In other trading early Wednesday, benchmark U.S. crude oil rose 48 cents to $66.11 a barrel. Brent crude, the international standard crude, rose 48 cents to $71.06 a barrel.
The dollar fell from 155.91 yen to 155.82 yen. A few months ago, the dollar was trading at a level close to 160 yen. The euro rose to $1.1803 from $1.1774.
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Yuri Kageyama’s thread: https://www.threads.com/@yurikageyama
