Global Market: Japan pension fund strategy may redraw global bond and currency markets

Japan’s plan to encourage its massive public pension funds to increase allocations to domestic assets has sparked expectations of a major shift in global capital flows. The move could support the yen, boost demand for Japanese government bonds and potentially reduce overseas asset purchases by Japanese institutions. While markets reacted positively, analysts remain cautious about…

Global Market: AI stocks take a breather after blistering rally as investors reassess valuations

AI-linked stocks are showing signs of fatigue as investors lock in profits. Semiconductor and memory-chip makers have seen sharp retreats from recent highs. Investors are now demanding stronger earnings growth and clearer profit evidence. A rotation into software and cloud providers is also occurring within technology. Despite this, the long-term outlook for artificial intelligence remains…

Global Market: Japan’s Nikkei closes lower as oil price jump dims corporate outlook

Japan’s Nikkei share average closed lower as oil prices rose due to renewed Middle East conflict. Investors weighed the corporate outlook amid increasing costs and the start of earnings season. Chip-related stocks dragged the Nikkei lower, influenced by South Korea’s benchmark index. Memory maker Kioxia tanked significantly after a high-profile U.S. listing. Bank shares rose,…