Japan’s Nikkei jumped 1.4% to 39,726.39, buoyed by strong demand for technology shares driven by the enthusiasm over Nvidia and artificial intelligence.The Kospi in Seoul was up 0.2% at 2,781.15.
Most stocks outside Wall Street’s frenzy around artificial-intelligence technology fell. Nvidia climbed 6.8%, and without that gain, the S&P 500 would have dropped to a loss for the day. The chip company’s shares snapped a three-day losing streak where they had shed nearly 13% for their worst such stretch since 2022.
SolarEdge Technologies dropped 20.6% after it said a customer that owes it $11.4 million filed for Chapter 7 bankruptcy, which raises questions about how much the solar-power company can collect and when. The smaller companies in the Russell 2000 index also fell 0.4%. All told, the S&P 500 rose 21.43 points to 5,469.30. The Dow dropped 299.05 to 39,112.16, and the Nasdaq composite jumped 220.84 to 17,717.65.
Source: News Formal (newsformal.com)
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