Nvidia's China Chip Sale Boosts AI, Markets Mixed

Asian markets mostly declined today, with Tokyos Nikkei being a notable exception. Chinese markets dipped as investors awaited economic planning news. Hong Kong, Shanghai, South Korea, and Taiwan also saw losses. Australias S and P slash A S X two hundred fell after the Reserve Bank kept its cash rate unchanged. Nvidias shares surged after Trump allowed the sale of advanced H two hundred chips to China, potentially boosting AI infrastructure. Investors also anticipate a Federal Reserve rate cut tomorrow to counter a weakening jobs outlook. In business news, Paramount made a hostile bid for Warner Brothers, sending both companies stocks up. The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.