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☆ Asia markets slide as investors assess private factory activity surveys; U.S. inflation cools further
▼ + stars: | 2023-12-01 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Neon ads in Dotonbori district, Osaka, Kansai region, Japan Alexander Spatari | Moment | Getty ImagesAsia-Pacific markets started Friday lower even as Wall Street mostly saw gains and ahead of private factory activity surveys from across the region. Most notably, investors will be watching China's Caixin manufacturing purchasing managers' index for November, after official numbers Thursday showed the country's manufacturing sector contracting for a second straight month. PMI readings are also due from Japan, South Korea and India on Friday. Japan's Nikkei 225 was marginally below the flatline, but the Topix bucked the trend and opened 0.21% higher. Futures for Hong Kong's Hang Seng index stood at 17,052, also pointing to a positive open compared with the HSI's close of 17,042.88.

Persons: Japan Alexander Spatari, Kospi Organizations: PMI, Nikkei Locations: Dotonbori district, Osaka, Kansai, Japan, Asia, Pacific, South Korea, India, Australia

☆ CNBC Daily Open: U.S. economy is cooling, but may not fall off a cliff
▼ + stars: | 2023-12-01 | by ( Clement Tan | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Clearer brand messagingNew Gap CEO Richard Dickson said the apparel firm's products had got "lost in the message" in its discount-heavy online communication. [PRO] Top holiday pickThe Dow is nearing a major milestone — and certain members may lead the blue-chip average over the finish line. CNBC Pro screened for the Dow members with the largest upsides to average price targets among Wall Street analysts.

Persons: Korea's Kospi, Hong, Nelson Peltz, Ike Perlmutter, Morgan Stanley, James Gorman, Jeremy Darroch, Francis deSouza, Josh Kushner's, Richard Dickson, Dickson, Dow Organizations: CNBC, Nikkei, underperform, Dow Jones Industrial, Disney, Marvel, Sky, Peltz, CNBC Pro, Dow, Wall Street Locations: Asia, Pacific, underperform Asia

☆ Asia shares start Dec on cautious note, oil nurses losses
▼ + stars: | 2023-12-01 | by ( Stella Qiu | ) www.reuters.com time to read: +4 min

MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) fell 0.5% after a surge of 7.3% last month, the most since January. The Federal Reserve's preferred gauge of inflation - the personal consumption expenditures (PCE) price index - stood unchanged for October, while consumer spending also pulled back. Fed funds futures imply rate cuts of 115 basis points. The yield on 10-year Treasury notes slipped 3 basis points in Asia to 4.3264%, on top of a plunge of 52.2 basis points for the month. Two-year Treasury yields fell 4 basis points to 4.674%.

Persons: Tyrone Siu, sharemarkets, HSI, Rodrigo Catril, Jerome Powell's Q, Waller, Robert Carnell, Christopher Waller, Treasuries, Stella Qiu, Jamie Freed Organizations: REUTERS, Tyrone, Rights, Japan's Nikkei, National Australia Bank . Regional, Federal, Traders, ING, Fed, South Korean, Philippine, Brent, West Texas, Thomson Locations: Exchange, Hong Kong, China, Europe, U.S, Asia, Pacific, Japan, South

☆ CNBC Daily Open: The heat is truly on COP28
▼ + stars: | 2023-11-30 | by ( Clement Tan | ) www.cnbc.com time to read: +3 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Japan's Nikkei 225 closed 0.5% higher, clocking monthly gains of more than 8%, while South Korea's KOSPI finished the day up 0.6%, advancing more than 11% this month. [PRO] Golden crossesThree stocks are on the verge of taking off, according to a chart pattern closely watched by technical analysts. The phenomenon, known as a "golden cross," occurs when a stock's 50-day moving average share price rises above the longer-term 200-day moving average.

Persons: KOSPI, China's, Rebooting, Sam Altman, Altman Organizations: Expo, CNBC, Nikkei, Dow Jones, National Bureau of Statistics, Microsoft, Auto, United Auto Workers, Volvo, BMW, Mercedes, Benz, Hyundai, Honda, Toyota, Detroit, General Motors Locations: Dubai, United Arab Emirates, Asia, Pacific, South, Hong Kong, China, OpenAI, U.S

☆ Hong Kong set to rebound after hitting a one-month low, Asia markets fall across the board
▼ + stars: | 2023-11-30 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Edgar Su | ReutersAsia-Pacific markets fell across the board on Thursday ahead of key economic data from the region. South Korea's industrial output numbers surprised the market, registering a 3.5% fall compared to expectations of a 0.5% rise from economists polled by Reuters. Japan's Nikkei 225 slid 0.25% and extended its three-day losing streak, with the Topix also down by 0.14%. South Korea's Kospi also fell 0.29%, while the small-cap Kosdaq was marginally above the flatline. Futures for Hong Kong's Hang Seng index stood at 17,108, pointing to a rebound after the HSI hit a one month low on Monday and closed at 16,993.44.

Persons: Edgar Su, Kospi, HSI Organizations: of, Initiative, Reuters, Nikkei Locations: Beijing, China, Reuters Asia, Pacific, Japan, Australia

☆ Asia stocks closing in on strongest month since January
▼ + stars: | 2023-11-30 | by ( Kane Wu | ) www.reuters.com time to read: +4 min

A man is reflected on an electric stock quotation board outside a brokerage in Tokyo, Japan April 18, 2023. The MSCI Asia-ex-Japan stocks index (.MIAPJ0000PUS) is up 6.7% so far this month, setting it on course to mark the best month since January. South Korea's KOSPI (.KS11) has led the rally in Asia with 10.5% gains this month, followed closely by Taiwan (.TWII) and Japan's Nikkei Average index (.N225). Ten-year U.S. yields are down more than 60 basis points in November, on track for the steepest monthly drop since late 2008. U.S. financial conditions are the loosest since early September and have eased 100 basis points in a month, according to Goldman Sachs.

Persons: Issei Kato, Korea's, Christopher Waller, Waller, Redmond Wong, Goldman Sachs, J.P.Morgan, Brent, Kane Wu, Vidya Ranganathan, Sam Holmes Organizations: REUTERS, Fed, Stock, U.S, Wednesday, Saxo Markets, Organization of, Petroleum, Reuters, Thomson Locations: Tokyo, Japan, HONG KONG, U.S, Asia, Taiwan, Greater China, China, Russia, Hong Kong

☆ CNBC Daily Open: AI schadenfreude is real
▼ + stars: | 2023-11-29 | by ( Clement Tan | ) www.cnbc.com time to read: +3 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Munger's family said he died peacefully Tuesday morning at a California hospital, according to a press release from Berkshire Hathaway. Bob the builderDisney Chief Executive Officer Bob Iger told employees Tuesday during an internal town hall that he was looking forward to "building again" after spending 2023 mending parts of the business that "needed attention." [PRO] Defense winnersMany countries have beefed up their defense budgets as geopolitical threats mount in the Asia-Pacific region and elsewhere in the world.

Persons: China's CSI300, Korea's KOSPI, Munger, Charlie Munger, Warren Buffett's, Munger's, Berkshire Hathaway, Buffett, Bob, Bob Iger, Iger, Goldman, Apple, Goldman Sachs, CNBC's Leslie Picker, AllianceBernstein Organizations: CNBC, Hong, Nikkei, Federal Reserve, Berkshire Hathaway, Berkshire, Disney, ESPN, Apple Locations: Frankfurt, Germany, Hong Kong, Asia, Pacific, California

☆ Asian stocks subdued as traders brace for inflation data
▼ + stars: | 2023-11-28 | by ( Ankur Banerjee | ) www.reuters.com time to read: +4 min

"But I think it's not just this week's inflation indicator, it's also the December payroll numbers ... they'll be quite critical." "Our view is that the Fed will probably start cutting rates when inflation goes below the 3% mark. The weaker-than-expected data weighed on Treasury yields, with the yield on benchmark 10-year notes slipping 9.6 basis points on Monday. The dollar index , a measure of the greenback against a basket of currencies, fell to 103.07, its lowest since Aug. 31. Data showed retail sales in Australia unexpectedly slipped in October as consumers cut back on everything but food, though analysts believe many were merely saving some money to splurge on Black Friday sales that took place this month.

Persons: DAX, Vasu Menon, they'll, Menon, Dave Ramsden, Christine Lagarde, Jerome Powell, HSI, Brent, Ankur Banerjee, Sam Holmes, Kim Coghill Organizations: Federal, Investors, OCBC Bank, of England, European Central Bank, Japan's Nikkei, Treasury, New Zealand, Thomson Locations: SINGAPORE, Asia, Pacific, Japan, Singapore, U.S, Hong Kong, Australia

☆ Asian stocks inch ahead as traders brace for inflation data
▼ + stars: | 2023-11-28 | by ( Ankur Banerjee | ) www.reuters.com time to read: +3 min

Japan's Nikkei (.N225) eased 0.20% but is up 8% this month, on course for its strongest monthly performance in three years. "The outlook for central bank policy has been a big factor driving the improvement in risk appetite in November," said Rodrigo Catril, senior FX strategist at National Australia Bank. Investors will focus this week on the Fed's preferred measure of inflation on Thursday and euro zone consumer inflation figures for further clarity on the where inflation is headed. The weaker-than-expected data weighed on Treasury yields, with the yield on benchmark 10-year notes slipping 9.6 basis points on Monday. The dollar index , a measure of the greenback against a basket of currencies, fell to 103.11, its lowest since Aug. 31.

Persons: Rodrigo Catril, Catril, Christine Lagarde, Jerome Powell, HSI, Brent, Ankur Banerjee, Sam Holmes Organizations: Federal, Japan's Nikkei, National Australia Bank, European Central Bank, Treasury, Thomson Locations: SINGAPORE, Asia, Pacific, Japan, U.S, OPEC

☆ CNBC Daily Open: Is record Black Friday sales spike a false dawn?
▼ + stars: | 2023-11-28 | by ( Clement Tan | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Mixed movesAsia-Pacific markets were mixed on Tuesday after U.S. stocks fell the day before as traders took a breather following a four-week winning streak for major averages. Shein IPOFast-fashion retailer Shein has confidentially filed to go public in the U.S. and is moving ahead with its long-awaited IPO, CNBC has learned. The Nasdaq last week launched new two-week options contracts that expire on Wednesdays based on a series of exchange-traded products.

Persons: Korea's KOSPI, Shein, Binance, Brian Armstrong, Armstrong, Morgan Stanley — Organizations: CNBC, Nikkei, Nasdaq, U.S . Department of Justice, U.S, Bank Locations: Asia, Pacific, Qatar, Israel, U.S, China, Iran, India

Hong Kong Spreephoto.de | Moment | Getty ImagesAsia-Pacific markets are set to rebound slightly after the region saw all its major indexes end the day in negative territory on Monday. Earlier on Tuesday, oil prices eased somewhat lower after Qatar said the truce between Israel and Hamas has been extended by a further two days. Japan's markets started the day close to the flatline, with the Nikkei 225 marginally up and the Topix just slightly below the no change mark. South Korea's Kospi was up 0.42%, while the small-cap Kosdaq saw a larger gain of 0.53%. However, Hong Kong's Hang Seng index looks set to extend its losses from Monday, with HSI futures at 17,517 compared to the index's close of 17,525.06.

Persons: Brent, Kospi, Hong Organizations: West Texas, Nikkei Locations: Hong Kong, Asia, Pacific, Qatar, Israel, Australia

☆ CNBC Daily Open: Are chip wars starting to hurt now?
▼ + stars: | 2023-11-27 | by ( Clement Tan | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Box office cheerThanksgiving box office sales stood at about $172 million this year, an improvement over the previous three years of pandemic-pressured ticket sales. Fifty Hamas hostages are due to be released over the four days under the terms of an agreement between Israel and Hamas. In the first two days of the temporary cease-fire, 24 hostages were released from Gaza in exchange for 39 Palestinian prisoners.

Persons: Napoleon, Abigail Mor Edan Organizations: CNBC, Nikkei, Adobe Analytics, Sony Locations: Asia, Pacific, Hong Kong, U.S, Israeli, Gaza, Israel

☆ Asian shares dragged lower by China, Treasury yields climb
▼ + stars: | 2023-11-24 | by ( Stella Qiu | ) www.reuters.com time to read: +3 min

Both S&P 500 futures and Nasdaq futures were also little changed. MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) fell 0.6% but are still headed for a weekly gain of 0.8%. Chinese bluechips (.CSI300) fell 0.7% while Hong Kong's Hang Seng index (.HSI) tumbled 1.4%, reversing the previous day's hefty gains. Cash Treasuries fell a little as they resumed trading in Asia, with two-year Treasury yields up 3 basis points to 4.9419% and benchmark ten-year yields up 4 bps to 4.4606%. Brent crude futures fell 0.2% to $81.26 a barrel.

Persons: Kim Kyung, Shane Oliver, Cash Treasuries, Stella Qiu, Sam Holmes, Robert Birsel Organizations: Tokyo Stock Exchange, REUTERS, Rights, Wall, Nasdaq, Hamas, Nikkei, AMP, European Central Bank, Bank of England, Brent, Thomson Locations: Tokyo, Japan, China, Europe, Israel, Gaza, Asia, Pacific, Hong Kong, Beijing

☆ Asian shares dragged lower by China, dollar on back foot
▼ + stars: | 2023-11-24 | by ( Stella Qiu | ) www.reuters.com time to read: +3 min

REUTERS/Kim Kyung-Hoon/File Photo Acquire Licensing RightsSYDNEY, Nov 24 (Reuters) - Asian shares were dragged lower by China on Friday amid little guidance from Wall Street which was closed for a holiday, while the dollar remained on the back foot as investors bet U.S. rates have peaked. MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) eased 0.4% but are headed for a weekly gain of 0.9%. Japan's markets (.N225) returned from a holiday, with Nikkei (.225) climbing 1.0% to charge towards a 33-year high hit on Monday. In Europe, slightly better than expected euro zone PMIs nudged the euro and shares higher and Sweden's crown dropped as its central bank left rates on hold. In the currency markets, the dollar < =USD> was on the back foot against its peers at 103.71, nearing a three month low of 103.17.

Persons: Kim Kyung, Shane Oliver, Cash Treasuries, Stella Qiu, Sam Holmes Organizations: Tokyo Stock Exchange, REUTERS, Rights, Nikkei, AMP, European Central Bank, Bank of England, Brent, West Texas, Thomson Locations: Tokyo, Japan, China, Asia, Pacific, Hong Kong, Beijing, Europe

☆ CNBC Daily Open: Singing the OPEC blues away
▼ + stars: | 2023-11-24 | by ( Clement Tan | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Tighter regulationsSingapore will introduce tighter rules for cryptocurrency service providers. [PRO] Goldman touts its global growth basketEuropean growth stocks haven't been doing as well as their U.S. peers this year. Growth stocks in the region have underperformed value stocks by 13% since the start of the rate-hiking cycle in 2022, according to Goldman Sachs in a Nov. 20 report.

Persons: Crypto, Justin Sun, HTX, Goldman, Goldman Sachs Organizations: CNBC, Japan's Nikkei, CSI, Monetary Authority of, United Nations, Food Locations: Asia, China, U.S, Singapore, cryptocurrencies, Monetary Authority of Singapore, Gaza, Israel

☆ European markets head for mixed open after hitting nine-week high
▼ + stars: | 2023-11-24 | by ( Jenni Reid | ) www.cnbc.com time to read: 1 min

The Stoxx 600 index has seen muted moves this week, though has nudged higher to reach its highest level since Sept. 20. European stocks are heading for a mixed open Friday as investors remain cautious. Final German gross domestic product figures for the third quarter on Friday confirmed an earlier reading of 0.1% month-on-month contraction. U.S. markets will reopen after the Thanksgiving holiday for a shortened trading day. Asia-Pacific markets traded mixed, with Japanese data boosting the Nikkei 225 index, while Hong Kong's Hang Seng index plunged 1.77%.

Persons: Christine Lagarde, Hong Organizations: European Central Bank, Nikkei Locations: U.S, Asia, Pacific

☆ Stock Market News: Black Friday Gets Under Way
▼ + stars: | 2023-11-24 | by ( ) www.wsj.com time to read: +1 min

Will investors spot any stock-market bargains, and what will they learn about the resilience of the U.S. consumer? Meantime, index futures are muted in early trading, ahead of a holiday-shortened session. And oil prices have stabilized after recent weakness, driven in part by tensions within the OPEC+ cartel. U.S. markets will close early. In Asia, Hong Kong’s Hang Seng Index fell 2% and the Shanghai Composite lost 0.7% after rallying the day before.

Persons: It's, Dow industrials Organizations: Investors, Stock, Nasdaq, Dow, The New York Stock Exchange, Brent, Shanghai Locations: OPEC, U.S, Asia, Hong, Europe

☆ Asia stocks hold gains as confidence grows on rate outlook
▼ + stars: | 2023-11-23 | by ( Selena Li | ) www.reuters.com time to read: +4 min

China's benchmark share index (.CSI300) fell 0.16% on Thursday, with the real estate sub-index (.CSI931775) retrieved earlier losses to gain 2.11%. Chinese government advisers will recommend to an annual policymakers' meeting that economic growth targets for next year be set at 4.5% to 5.5%, Reuters reported on Wednesday. Markets have generally been buoyant this month, with stocks rallying on expectations of a more benign interest rate backdrop. The next set of forward-looking flash November PMIs will help investors to assess recession risks and how quickly rate cuts might begin. The minutes of the European Central Bank's October meeting and flash PMIs for a host of European countries are Thursday's highlights.

Persons: Tyrone Siu, shrugged, Redmond Wong, Brent, Sterling, Jeremy Hunt, Changpeng Zhao, Bitcoin, Selena Li, Edmund Klamann, Stephen Coates Organizations: REUTERS, Bloomberg, Garden Holdings, HK, Reuters, U.S, The, Federal Reserve, Saxo Markets, Nikkei, Nasdaq, European Central, PMI, OPEC, FTSE, UK Finance, Thomson Locations: Exchange, Hong Kong, China, HONG KONG, Asia, Pacific, Japan, United States, The U.S, Greater China, Australia, Britain, U.S

☆ Asia stocks hold recent gains as confidence grows on rate outlook
▼ + stars: | 2023-11-23 | by ( Selena Li | ) www.reuters.com time to read: +4 min

Investors are also looking to Chinese policymakers for clues on possible support for the long-suffering property market, in line with broader growth targets they are hammering out. MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) edged down 0.11% in thin trading, with Japan and the United States on holiday. Chinese government advisers will recommend to an annual policymakers' meeting that economic growth targets for next year be set at 4.5% to 5.5%, Reuters reported on Wednesday. Markets have generally been buoyant this month, with stocks rallying on expectations of a more benign interest rate backdrop. The next set of forward-looking flash November PMIs will help investors to assess recession risks and how quickly rate cuts might begin.

Persons: Tyrone Siu, shrugged, Redmond Wong, Brent, Sterling, Jeremy Hunt, Changpeng Zhao, Selena Li, Edmund Klamann Organizations: REUTERS, Federal Reserve, Saxo Markets, Nikkei, Reuters, Nasdaq, OPEC, FTSE, UK Finance, Thomson Locations: Exchange, Hong Kong, China, HONG KONG, Asia, Pacific, Japan, United States, U.S, Greater China, Australia, Britain

☆ Asia markets poised to fall even as Wall Street goes into Thanksgiving with a rally
▼ + stars: | 2023-11-23 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Nicky Loh | Bloomberg | Getty ImagesAsia-Pacific markets are set for a lower open after Wall Street went into the Thanksgiving holiday with a broad based rally. The tech-heavy Nasdaq also saw greater participation, with 62.9% of the stocks in the index rising. The country saw its business activity contract at a faster pace in November, according to flash estimates from Judo Bank. South Korea's Kospi gained 0.18%, on pace for a fourth straight day of gains, while the small-cap Kosdaq also advanced 0.16%. Futures for Hong Kong's Hang Seng index stood at 17,692, pointing to a weaker open compared with the HSI's close of 17,734.6.

Persons: Nicky Loh, Australia's, Korea's Kospi Organizations: Bloomberg, Getty, Wall, New York Stock Exchange, Nasdaq, Judo Bank Locations: Bay, Asia, Pacific, October's

The Sydney Opera House Sydney, New South Wales, Australia. Gallo Images | Brand X Pictures | Getty ImagesAsia-Pacific markets are set to fall after minutes from the U.S. Federal Reserve's Oct. 31 meeting revealed that policy officials maintained that monetary policy had to be restrictive and had little appetite for rate cuts. "In discussing the policy outlook, participants continued to judge that it was critical that the stance of monetary policy be kept sufficiently restrictive to return inflation to the Committee's 2 percent objective over time," the minutes said. The federal funds rate currently stands at 5.25%-5.5%. Futures for Hong Kong's Hang Seng index stood at 17,702 following a volatile trading session on Tuesday, pointing to a weaker open compared with the HSI's close of 17,733.89.

Organizations: Sydney Opera House, Getty, U.S, U.S . Federal, Nikkei Locations: Sydney Opera House Sydney , New South Wales, Australia, Asia, Pacific, U.S ., Chicago, Osaka

☆ Stocks in Asia hit 2-month high, dollar defensive on Fed view
▼ + stars: | 2023-11-21 | by ( Ankur Banerjee | ) www.reuters.com time to read: +5 min

A passerby walks past an electric monitor displaying various countries' stock price index outside a bank in Tokyo, Japan, March 22, 2023. MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) was 0.97% higher at 510.11 having touched 511.05, the highest since Sept. 18. In rest of Asia, Japan's Nikkei (.N225) edged higher and remained close to the 33-year high it toucehd on Monday. The Japanese yen strengthened 0.22% to 148.03 per dollar, lifting away from the one-year low of 151.92 it touched last week. The Australian dollar , often seen as a barometer of risk appetite, touched a three-month high of $0.65775 earlier in the session.

Persons: Issei Kato, DAX, Wall, Sam Altman, Ben Bennett, Nicholas Chia, murmurs, Hong, HSI, Brent, Ankur Banerjee, Jacqueline Wong, Lincoln Organizations: REUTERS, Rights, . Federal, Nvidia, Microsoft, Stock, Traders, Legal, General Investment Management, Standard Chartered, Japan's Nikkei, Thomson Locations: Tokyo, Japan, Rights SINGAPORE, Asia, Pacific, Europe, Thursday's U.S

☆ Asian stocks hit 2-month high on Wall St rally, Fed view
▼ + stars: | 2023-11-21 | by ( Ankur Banerjee | ) www.reuters.com time to read: +4 min

MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) was 0.91% higher at 509.82 having touched 510.42, the highest since Sept. 18. The index is up 7% for the month and on course for its biggest monthly gain since January. The index is up roughly 28% this year, making it the best performing stock market in Asia. Lower yields kept the dollar on the back foot, with the dollar index , which measures the U.S. currency against a basket of six major currencies, down 0.058% at 103.37. The Australian dollar , often seen as a barometer of risk appetite, touched a three-month high of $0.65775 earlier in the session.

Persons: Kim Kyung, Hong, HSI, Wall, Sam Altman, Ben Bennett, Rob Carnell, Brent, Ankur Banerjee, Jacqueline Wong Organizations: Nikkei, REUTERS, Rights, . Federal, Japan's Nikkei, Microsoft, Nvidia, Stock, Traders, Legal, General Investment Management, Treasury, OPEC, Thomson Locations: Tokyo, Japan, Rights SINGAPORE, Asia, Pacific, Thursday's U.S, Russia, U.S, China

☆ OpenAI Upheaval in Focus, Microsoft Stock Edges Higher: Stock Market News Today
▼ + stars: | 2023-11-20 | by ( ) www.wsj.com time to read: +1 min

Microsoft stock was gaining after the software giant said Sam Altman—OpenAI's fired chief executive—would lead its new advanced AI research team . Now more than 500 OpenAI employees have threatened to leave the company if the current board doesn't resign and reinstate Altman. The chip maker’s stock—which has been a big contributor to the S&P 500's gains this year—was also higher in recent trading. All three major stock indexes are coming off their third straight weekly advance, including a 2.2% gain for the S&P 500. Benchmarks in Asia mostly rose, with consumer and tech stocks helping push Hong Kong’s Hang Seng Index up 1.9%.

Persons: Sam Altman — OpenAI's, —, Altman, Javier Milei Organizations: Microsoft, Nvidia, Nasdaq, Bayer, Bristol Myers Squibb, U.S, Treasury, greenback, Global Locations: OpenAI, U.S, Europe, Asia

☆ Stock Market Today: Stock Futures Edge Up to Start the Week
▼ + stars: | 2023-11-20 | by ( ) www.wsj.com time to read: 1 min

Microsoft stock jumped premarket after the software giant said Sam Altman would join to lead a new advanced artificial-intelligence research team. The OpenAI board fired Altman as chief executive last Friday and named a former chief executive of Twitch as interim CEO. The chip maker’s stock rose premarket. U.S. stock futures inched up. Treasury yields inched higher.

Persons: Sam Altman, Altman, Twitch Organizations: Microsoft, Nvidia, greenback, Treasury Locations: Europe, Asia

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