US and European indices are up, as the S&P and Nasdaq continue to print new all-time highs.
Asian shares gained 0.4%, as Taiwan Semiconductor Manufacturing Co. closed at a record high after its bullish outlook boosted confidence in artificial intelligence spending.
There are talks of a grand tech bargain between the US and China, centered around US chip bans that impact Nvidia Corp. and Advanced Micro Devices Inc.
Japan’s annual inflation rate fell to 3.3% in June, marking the lowest reading since November. This seven-month low led to a 0.3% rise in the Nikkei 225, which climbed above 40,030.
Japan’s core CPI rose 3.3% year-on-year in June, down from 3.7% the previous month, but still above the central bank’s 2% target.
In Australia, the ASX 200 extended gains by 0.6% to above 8,690, reaching a new all-time high. The Australian dollar strengthened to around $0.651, driven by renewed optimism over Chinese economic support.
The New Zealand dollar also strengthened, rising to around $0.595, bouncing back from a three-week low in the previous session.
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Bitcoin rose 0.9% to $120,522.73
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Ether rose 6.7% to $3,650.86
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Spot gold fell 0.1% to $3,335.24 an ounce
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Crude rose 0.4% to $67.84
It’s a light news day, with US Michigan Consumer Confidence being the most impactful release.
Day 2 of G20 meetings continues today.
