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Currencies

Antipodean Currencies Rise Amid Risk-on Mood

The antipodean currencies such as the Australia and the New Zealand dollars strengthened against their major currencies in the Asian session on Friday as Asian stock markets traded higher, boosted by the surge in semiconductor and AI stocks amid reports that the $28 billion SK Hynix IPO in the U.S. was heavily oversubscribed. Speculation that the escalation of hostilities between the U.S. and Iran will be limited is also aiding market sentiment. Traders remain optimistic that a full-blown war can be avoided in the Middle East after US President Donald...
Stock Market

US Stock Market Today Highlights: Wall Street ends mixed; S&P 500, Nasdaq hit record closing highs

US Stock Market Today Highlights: US stock market ended mixed on Tuesday, with the S&P 500 and Nasdaq hitting record closing highs, led by a rally in semiconductor stocks amid AI-fueled optimism.The Dow Jones Industrial Average fell 118.02 points, or 0.23%, to 50,461.68, while the S&P 500 gained 45.65 points, or 0.61%, to 7,519.12. The Nasdaq Composite closed 312.21 points, or 1.19%, higher at 26,656.18.US Secretary of State Marco Rubio said negotiations with Iran could take “a few days,” while President Donald Trump noted in a post on Truth Social...