Currency traders pass by the screen showing the Korea Composite Stock Price Index , left, and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Wednesday, June 19, 2024. Currency traders watch monitors near the screen showing the Korea Composite Stock Price Index , left, and the foreign exchange rate between U.S.
The Hang Seng in Hong Kong added 2.9% to 18,437.57, while the Shanghai Composite index lost 0.4% to 3,018.05 after the head of China’s securities watchdog said at a financial forum in Shanghai that the agency would be enhancing oversight of all financial activities to prevent potential risks.Stock market today: Asian shares mostly gain after Wall St rallies to new recordsElsewhere, Taiwan’s Taiex gained 2%, while Bangkok’s SET fell 0.7%.
Nvidia’s chips are helping to develop AI, which proponents expect to change the world as much or more than the internet, and demand for its chips has proven to be shockingly voracious. Nvidia’s revenue routinely triples every quarter, and its profit is rocketing at even more breathtaking rates. Its stock is up nearly 174% this year, and Nvidia alone was responsible for nearly a third of the S&P 500’s entire gain for the year through May.
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