Apple and other big U.S. companies reporting fatter profits than expected are helping stock indexes shave off more of their sharp losses from the start of the week. The S&P 500 rose 0.
The KSE-100 witnessed strong buying for the major part of the day, hitting an intra-day high of 115,106.99, a gain of around 1,900 points as compared to the previous close. However, some late-session selling trimmed the intra-day gains.
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Samsung sees slower AI chip sales in Q1 amid US curbs, Q4 revenue grows
Samsung Posts Strong Q4 but Chip Weakness Clouds 2025 Outlook
Samsung Electronics (GB:SMSN) (SSNLF) reported impressive fourth quarter of 2024 results, with net income reflecting an increase of 25.77%
Samsung Q4 profit growth slows as chip issues weigh
Samsung Electronics reported fourth-quarter profit that rose 130% from a low base, confirming it had missed earlier estimates due to slowing memory chip demand and extra costs as it works towards providing high-end chips to Nvidia.
Massive buying was witnessed at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 gaining nearly 1,700 points during the first half of the trading session on Friday. At 12pm, the benchmark index was hovering at 114,865.61, an increase of 1,659.21 points or 1.47%.
US and European stock futures gained after strong earnings from Apple Inc. and Intel Corp. boosted sentiment, while the dollar also rose as traders brace for President Donald trump’s tariffs announcements on Saturday.
Asian shares wavered on Friday, weighed down by the return of tech-heavy South Korean stocks from holidays, but relatively strong earnings from U.S. tech giants kept risk sentiment intact while tariff threats pushed the dollar and gold prices higher.
A gauge of Asian shares snapped a two-day gain, with Korean chipmakers SK Hynix Inc. and Samsung Electronics Co. weighing as the nation’s markets reopened after the Lunar New Year holidays.
Asian equities fell Friday, pressured by technology companies. US futures climbed after robust results from Apple Inc.
Markets News, January 17, 2025: Stocks Surge as Big-Tech Rallies; S&P 500 Has Best Week in Two Months; Bitcoin Tops $105,000
Global shares drifted on Friday as investors reflected on relatively strong earnings from tech bellwethers in a week that started with a market rout sparked by the emergence of a low-cost Chinese artificial intelligence model.
Asia markets are mostly higher on Friday following gains on Wall Street driven by Tesla, IBM and Meta Platforms after strong profit reports. U.S. futures and oil prices rose.
The Exchange Fund, Hong Kong's financial war chest for defending ... The weak performance of the stock markets in the fourth quarter and falling bond prices affected the performance of the ...
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