Asia Stocks Rise On Trump’s AI Investment Plans: Markets Wrap
Jan 22, 2025 - ndtvprofit.com
Asian stocks rose following expectations that President Donald Trump's administration will lift restrictions on businesses and energy production, with shares in Japan, Australia, and South Korea opening higher. The market responded positively to Trump's announcement of a new AI investment initiative involving Softbank Group Corp., OpenAI LLC, and Oracle Corp. Meanwhile, US-China relations showed signs of improvement, and the Bank of Japan is considering an interest rate hike. In the US, the S&P 500 and Nasdaq 100 saw gains, driven by positive earnings reports and Trump's business-friendly policies.
In other developments, Netflix reported a significant increase in subscribers, and a fund tracking AI companies reached a three-year high. The dollar and Treasury yields remained stable, while oil prices held steady amid tariff threats on China. Key events for the week include the US Conference Board leading index, Samsung's "Unpacked 2025" event, and the Bank of Japan's policy meeting.
Key takeaways:
Asian stocks rose on expectations of Trump's AI investment plans, with Japan, Australia, and South Korea seeing gains.
Trump's administration is expected to lift restrictions on businesses, boosting the outlook for Corporate America.
US-China relations are improving, with Chinese Vice Premier Ding Xuexiang announcing plans to expand imports for balanced trade.
The Bank of Japan is considering raising interest rates, supporting speculation of a 25 basis point hike.
