In face of the financial fears caused by inflation and the geopolitical tensions around the world, key Asian indices like Nikkei225 and Hong Kong’s Hang Seng were able to soar on Wednesday.
Alibaba’s stock price marked a Tuesday turnaround after Monday’s drop. Previous speculations that SoftBank could have been planning a selloff of its equity in the company, refuted by SoftBank’s founder, may have been the cause.
After a rise in share price over the course of the trading day Monday, NVIDIA is now the United States’ seventh-largest firm by market cap. Continuing demand for its graphics chips may help the company keep this status even as a potentially lucrative acquisition deal falls through.
The DOW rose sharply yesterday after Federal Reserve Chair Jerome Powell signalled continuing support for the U.S. Economy. The index touched a record 32,000 points briefly before closing at about 31962.
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