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Nikkei at Record Highs

Japan’s main index notched a fresh record Thursday. marking six consecutive sessions of gains.

In Japan, the Nikkei 225 gained 124.62 points, or 0.3%, to 45,754.93.

In Hong Kong, the Hang Seng removed 33.97 points, or 0.1%, to 26,484.68.

Other Asia-Pacific markets traded mixed Thursday, breaking ranks with Wall Street after investors continued selling tech names like Nvidia and Oracle for a second straight day.

Nvidia slid almost 1%, continuing its declines from Tuesday as heightened fears about the potentially circular nature of the AI industry drew investor skepticism.

Shares of Chery rose 11% to 34.16 Hong Kong dollars ($4.39) at its debut on the index Thursday, compared with its offer price of HK$30.75. The stock later gave up some of its gains, ending at HK$31.92.

Separately, Xiaomi shares gained 3.69% after debuting a slew of new devices and appliances, including smartphones to take on South Korea’s Samsung.

In South Korea, Internet firm Naver was one of the leaders on the Kospi, gaining 11.4% after it announced an investment into health startup GravityLabs early Thursday.

In Taiwan, heavyweight Taiwan Semiconductor Manufacturing Company was down 1.5%. This comes after Bloomberg reported that chip giant Intel is seeking an investment from Apple.

Apple had previously used Intel chips in many of its personal computing devices, but switched to TSMC when it launched its M1 chip in 2020.
The report however, said that Apple is unlikely to shift back to Intel chips.

In other markets

In Shanghai, the CSI 300 gained 24.72 points, or 0.6%, to 4,593.49

In Korea, the Kospi let go of 1.03 points to 3,471.11

In Singapore, the Straits Times Index ditched 16.54 points, or 0.4%, to 4,273.86.

In Taiwan, the Taiex index faltered 172.88 points, or 0.7%, to 26,023.85

In New Zealand, the NZX 50 lost 27.52 points, or 0.2%, to 13,153.79

In Australia, the ASX 200 nicked higher 8.5 points, or 0.1%, to 8,772.96