
On Tuesday, Japan’s Nikkei 225 hit a record high for the second consecutive day, driven by a strong tech rally following the major deal between OpenAI and AMD, which is being viewed as one of the most direct challenges to Nvidia’s dominance in the chip market. Chip-related stocks led the gains in the Japanese stock market. The rally followed Monday’s record close, which came after the ruling Liberal Democratic Party elected conservative politician Sanae Takaichi as its new leader, setting her up to become Japan’s first female prime minister.
In the U.S., equity futures were slightly lower during Asian trading hours after another record-breaking session on Wall Street. The S&P 500 rose 0.36%, while the Nasdaq gained 0.71% to end at 22,941, boosted by a 24% surge in AMD shares following its partnership announcement with OpenAI. The Russell 2000 also joined the record-breaking trend, surpassing 2,500 for the first time, while the Dow Jones Industrial Average ended slightly lower.
In the commodities market, gold hit an all-time high above $3,900 per ounce and silver reached a high of $48.76, inching closer toward its all-time high from 2011.
Bitcoin soared past $125,000 for the first time. The bullish sentiment comes even as investors overlook the ongoing U.S. government shutdown, now in its second week, which has delayed critical economic data such as the September jobs report. The lack of new data leaves the Fed with less insight ahead of its next policy meeting, heightening attention on Wednesday’s Fed minutes. Ethereum jumped more than 3% to $4,700. Solana is nearing its all-time high again as it is trading around $235.
In the Forex market, the US dollar showed strength this week. The dollar index rose 0.8% since market open on Monday. EURUSD dropped 0.2% and is currently trading below 1.1700 levels. GBPUSD had a mixed session, but closed slightly higher. The pair is still trading below the 1.3500 level. The Japanese Yen had one of its worst sessions against the US dollar since May, losing 2%. USDJPY jumped above 150.50 and is currently trading around this level.
Tags
Open Live Account
Please enter a valid country
No results found
No results found
Please enter a valid email
Please enter a valid verification code
1. 8-16 characters + numbers (0-9) 2. blend of letters (A-Z, a-z) 3. special characters (e.g, !a#S%^&)
Please enter the correct format
Please tick the checkbox to proceed
Please tick the checkbox to proceed
Important Notice
STARTRADER does not accept any applications from Australian residents.
To comply with regulatory requirements, clicking the button will redirect you to the STARTRADER website operated by STARTRADER PRIME GLOBAL PTY LTD (ABN 65 156 005 668), an authorized Australian Financial Services Licence holder (AFSL no. 421210) regulated by the Australian Securities and Investments Commission.
CONTINUEImportant Notice for Residents of the United Arab Emirates
In alignment with local regulatory requirements, individuals residing in the United Arab Emirates are requested to proceed via our dedicated regional platform at startrader.ae, which is operated by STARTRADER Global Financial Consultation & Financial Analysis L.L.C.. This entity is licensed by the UAE Capital Market Authority (CMA) under License No. 20200000241, and is authorised to introduce financial services and promote financial products in the UAE.
Please click the "Continue" button below to be redirected.
CONTINUEError! Please try again.