World shares are mostly up after US stocks inch to more records as
inflation slows and Oracle soars
[September 11, 2025] By
TERESA CEROJANO
MANILA, Philippines (AP) — World shares were mostly higher Thursday,
buoyed by gains of tech-related stocks after Wall Street inched to more
records following a surprisingly encouraging report on inflation and a
stunning forecast for growth from Oracle because of the artificial
intelligence boom.
In early European trading, Germany's DAX was nearly flat at 23,631.29.
Britain's FTSE 100 rose 0.4% to 9,259.17, while France's CAC 40 climbed
0.5% to 7,803.52.
In Tokyo, the Nikkei 225 added 1.2% to 44,372.50, with tech investment
company SoftBank Group’s shares jumping 8.3% in a second straight day of
gains.
Data released Thursday showed Japan’s producer prices rose 2.7%
year-on-year in August from a 2.5% rise the previous month, in line with
market expectations. The higher cost of food, transport equipment and
machinery contributed to the rise in prices.
In Chinese markets, Hong Kong's Hang Seng index slid 0.4% to 26,086.32
while the Shanghai Composite index rose 1.7% to 3,875.31.
Shares of chipmaker Semiconductor Manufacturing International Corp added
more than 6%, while Hua Hong Semiconductor rose 3.8%. Cambricon
Technologies, often called China’s Nvidia, climbed 9%.
South Korea's Kospi climbed 0.9% to 3,344.20 while Australia's S&P/ASX
200 was down 0.3% to 8,805.00. India's BSE Sensex added nearly 0.2%
while Taiwan's Taiex rose 0.1%, trimming earlier gains.
The future for the S&P 500 rose 0.1% while that for the Dow Jones
Industrial Average added less than 0.1%.
“Asia’s Thursday tape was the kind of market that looks lively from a
distance but flat when you press your nose against the glass. After Wall
Street’s record sprint, traders in Tokyo and Seoul tried to carry the
baton. Still, Hong Kong and Sydney promptly fumbled it, leaving the MSCI
Asia-Pacific index pacing on the spot after five straight daily
advances,” Stephen Innes of SPI Asset Management said in a market
commentary.
On Wall Street, the S&P 500 rose 0.3% on Wednesday and set an all-time
high for a second straight day. The Dow Jones Industrial Average dropped
220 points, or 0.5%, and the Nasdaq composite edged up by less than 0.1%
after both set records the day before.
[to top of second column] |
A currency trader passes by a screen showing the Korea Composite
Stock Price Index (KOSPI), top center left, and the foreign exchange
rate between U.S. dollar and South Korean won, top center, at the
foreign exchange dealing room of the Hana Bank headquarters in
Seoul, South Korea, Thursday, Sept. 11, 2025. (AP Photo/Ahn Young-joon)
 Stocks have hit records in large
part because Wall Street is expecting the economy to pull off a
delicate balancing act: slowing enough to convince the Federal
Reserve to cut interest rates, but not so much that it causes a
recession, all while inflation remains under control.
Many things must go right for that to happen, and an encouraging
signal came from a report Wednesday saying inflation at the U.S.
wholesale level unexpectedly slowed in August.
A potentially more important report is coming Thursday, which will
show how bad inflation has been for U.S. households.
Traders were already convinced the Fed will deliver its first cut to
interest rates of the year at its next meeting, but they need
inflation data until then to be mild enough not to derail those
expectations.
On Wall Street, tech stocks led the way after Oracle said AI-related
demand is set to send its revenue surging. Oracle stock leaped 35.9%
for its best day since 1992, even though it also reported results
for the latest quarter that came up just shy of analysts’
expectations.
Taiwan Semiconductor Manufacturing Co., which makes chips used in AI
and other computing, saw its stock that trades in the U.S. climb
3.8% after it said its revenue jumped nearly 34% in August from a
year earlier.
On the losing side of Wall Street was Apple, whose drop of 3.2%
helped drag the Dow lower and was the heaviest single weight on the
S&P 500. Some analysts said its unveiling of new iPhones the day
before contained no surprises and may not drive much growth in
demand.
In other dealings Thursday, benchmark U.S. crude shed 11 cents to
$63.56 per barrel. Brent crude, the international standard, lost 8
cents to $67.41 per barrel.
The U.S. dollar rose to 147.88 yen from 147.36 yen. The euro slid to
$1.1687 from $1.1704.
___
AP Business Writers Stan Choe in New York contributed to this
report.
All contents © copyright 2025 Associated Press. All rights reserved |
