MSCI Asia Pacific Index

Asian stocks: Asian stocks advance after Wall Street’s rebound: Markets wrap

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Asian stocks: Asian stocks advance after Wall Street’s rebound: Markets wrap

Stocks in Asia followed a rebound on Wall Street as investors looked beyond Joe Biden ending his reelection campaign to focus on the start of the tech earnings season. The MSCI Asia Pacific Index snapped a three-day decline, as shares from Japan to South Korea and Australia rose at the open. That followed a 1.1% … Read more

A 1,200% surge tests nerves of investors in Korean AI chip stock

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A 1,200% surge tests nerves of investors in Korean AI chip stock

The nearly 1,200% share-price leap in Hanmi Semiconductor Co since the end of 2022 has some investors seeking to cash out amid scorching valuations.Hanmi Semi is the most expensive stock on a regional gauge of chip-related peers, relative to forward earnings estimates. That makes positives including demand for the South Korean firm’s AI-related chipmaking equipment … Read more