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Asian Markets Mixed as AI Rally Powers Wall Street Gains
Asian Markets Mixed as AI Rally Powers Wall Street Gains
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BTCCSquare news:
Asian equities showed divergent performance as regional markets digested Wall Street's AI-driven rally. Japan's Nikkei 225 dipped 0.5% to 52,163.84 following a market holiday, while Australia's ASX 200 fell nearly 1%. South Korea's KOSPI led regional declines with a 2% drop.
Hong Kong's Hang Seng defied the trend with a 0.2% gain, contrasting with Shanghai's 0.2% decline. The mixed session followed another tech-led advance on Wall Street, where the S&P 500 edged 0.2% higher despite broader market weakness.
Nvidia continued its stellar 2024 performance with a 2.2% surge, bringing its year-to-date gain to 54.1%. The chipmaker's AI processors remain in fierce demand, mirroring the crypto sector's appetite for GPU-related blockchain projects.
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