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  • Business
    The Canadian Press

    Stock market today: Nikkei leads Asian gains follow Wall Street rallies

    HONG KONG (AP) — Asian shares rose on Wednesday, led by an 2% gain in Japan’s Nikkei 225 after U.S. stocks rallied for a second straight day Tuesday, blunting the blow from what’s been a rough April. U.S. futures rose while oil prices edged lower. Japan’s benchmark Nikkei 225 jumped 2.1% in morning trading to 38,337.23, with the yen hovering at 34-year lows during the week. Australia’s S&P/ASX 200 index rose 0.3% to 7,705.70 following the release of a fifth consecutive quarter of decelerating in

  • Business
    Bloomberg

    China’s SenseTime Soars 36% After Unveiling Beefier AI Model

    (Bloomberg) -- SenseTime Group Inc.’s stock soared its most in more than two years after releasing the latest version of its SenseNova generative AI model, highlighting the intense interest surrounding China’s efforts to develop artificial intelligence.Most Read from BloombergTaylor Swift Is Proof That How We Critique Music Is BrokenTech Giants Roar as Tesla Spikes in Late Hours: Markets WrapBiden’s New Chopper Is Demoted After Scorching White House LawnTesla Stock in ‘No Man’s Land’ After 43% R

  • News
    Bloomberg

    China’s Oil Buyers to Weather Tighter US Sanctions on Iran

    (Bloomberg) -- China’s private oil refiners could seek to buy more cargoes whose origin has been obscured as they prepare for fresh US sanctions on Iranian exports, ensuring crude continues to flow to the world’s top importer.Most Read from BloombergTaylor Swift Is Proof That How We Critique Music Is BrokenTech Giants Roar as Tesla Spikes in Late Hours: Markets WrapBiden’s New Chopper Is Demoted After Scorching White House LawnTesla Stock in ‘No Man’s Land’ After 43% Rout Ahead of EarningsBillio

  • Business
    Reuters

    Asian shares rise on tech boost; yen on intervention watch

    The yen was rooted near 34-year lows, keeping traders wary of possible intervention from Tokyo. MSCI's broadest index of Asia-Pacific shares outside Japan gained 1.55%, having climbed 1% on Tuesday, as stocks rebounded from last week's steep selloff. Japan's Nikkei surged 2%.