A landscaped Sunset shot over Osaka toward the Dojima River, we see the modern city skyline of Osaka in the shot, this is a beautiful shot of the sunset with beautiful orange colors, over the modern city.
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Asia-Pacific markets traded mixed Tuesday, reversing earlier gains and breaking ranks with Wall Street, which rose on revived optimism about artificial intelligence and growing hopes that the U.S. government shutdown will end soon.
On Monday stateside, Nvidia stocks jumped 5.8% to lead gains on the S&P 500. Other tech stocks rallied, including Google parent Alphabet, which advanced 4%, and Microsoft, which added 1.9% to end its eight-day losing streak.
Japan’s benchmark Nikkei 225 index fell 0.14% to close at 50,842.93, while the Topix index gained 0.13% in volatile trading to end at 3,321.58. AI-related stocks on the Nikkei 225 pared gains, with conglomerate SoftBank adding 1.98% to 22,695, and chipmaker Renesas Electron climbing 1.14% to 1,871.
Shares of Orix rose 0.54% to 3,883, after the Japanese financial conglomerate announced Tuesday a partnership with Qatar’s sovereign wealth fund, Qatar Investment Authority, to launch a $2.5 billion private equity fund.
The fund will invest in Japanese companies, “primarily targeting business succession, privatization of listed companies, and carve-outs,” valued at least 30 billion yen (about $200 million), Orix said in a press release. Orix and QIA will contribute 60% and 40%, respectively.
Japanese tech giant Sony Group’s shares rose 5.51% to 4,520 after it reported second-quarter earnings beat and announced a share buyback of up to $648 million. The company’s operating profit jumped 10% compared to the same period last year, while revenues rose 5%, driven by gains from its Imaging & Sensing Solutions and Music segments.
South Korea’s Kospi index climbed 0.81% to 4,106.39 in volatile trading, after leading an AI recovery rally across the region Monday. Index heavyweights Samsung Electronics and SK Hynix shaved earlier gains to rise 2.88% and 2.15%, respectively.
Australia’s S&P/ASX 200 reversed course to trade 0.19% lower, settling at 8,818.8.
Hong Kong’s Hang Seng Index was flat, while the mainland’s CSI 300 index dropped 0.91% to close at 4,652.17.
Shares of Chinese electric vehicle maker Xpeng skyrocketed 17.93% to hit its highest level since late 2022, after it launched robotaxis and humanoid robots with self-developed AI chips at its event last Wednesday. The company’s shares had jumped more than 16% in Monday’s session.
India’s Nifty 50 and the Sensex index were flat.
U.S. equity futures were little changed in early Asian hours.
Overnight, the Dow Jones Industrial Average climbed 381.53 points, or 0.81%, to end at 47,368.63. The S&P 500 gained 1.54% to settle at 6,832.43, while the Nasdaq Composite advanced 2.27% to finish at 23,527.17.
— CNBC’s Dylan Butts, Sean Conlon and Liz Napolitano contributed to this report.
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