Asian shares mostly gain ahead of Friday's US jobs report
TOKYO — Asian shares were mostly higher Friday ahead of an update on the U.S. job market that will offer insights into how the economy is faring.
U.S. futures edged higher and oil prices fell.
Tokyo's Nikkei 225 index rose 0.5% to 37,730.67, while the Kospi in South Korea jumped 1.5% to 2,812.05.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
43 minutes ago
- Yahoo
China says it may speed up rare earths application approvals from EU
SHANGHAI (Reuters) - China said on Saturday it was willing to accelerate the examination and approval of rare earth exports to European Union firms. A statement on the commerce ministry's website also said it plans to issue a final announcement on its trade investigation of brandy imports from the EU on July 5, saying that the two sides were discussing a price pledge. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
an hour ago
- Yahoo
UBS Lifts Kingsoft Cloud Holdings Limited (KC) to $14 Amid AI Growth
On Thursday, UBS analysts raised the price target for Kingsoft Cloud Holdings Limited (NASDAQ:KC) while maintaining a "Buy" rating. This confidence is attributed to the company's position as a pure-play cloud vendor with huge AI potential, anticipated to increase to over 40% by 2027, in contrast to 17% of total revenue in 2024. An executive standing in front of their headquarters building, proudly symbolizing the company's achievements. A fascinating development is the anticipated rebound in the company's public cloud segment, which is projected to achieve a 20% revenue compound annual growth rate (CAGR) by 2027. From the climbing demand for AI-powered cloud solutions, greater contributions from Xiaomi's ecosystem, and sustained growth in external clients, the reasons that explain this surge are many. Analysts also anticipate that Kingsoft Cloud Holdings Limited's (NASDAQ:KC) non-GAAP operating margin will improve, with narrow losses expected until achieving profitability by 2027. This strengthened standing is driven by higher revenue dependence on AI and enhanced cost efficiency from scaling operations. Indeed, it's AI that is backing the analysts' bullish stance. Kingsoft Cloud Holdings Limited (NASDAQ:KC) is a Chinese cloud service provider that offers cloud solutions, research and development services, enterprise digital solutions, and related services. Founded in 2012, the company aims to become clients' trusted partners and capitalize on digitalization. While we acknowledge the potential of KC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure. None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
an hour ago
- Yahoo
UBS Lifts Five Below (FIVE)'s PT to $160 from $110, Keeps Buy Rating
On June 5, UBS increased the target price for Five Below, Inc. (NASDAQ:FIVE) to $160 from $110, while reiterating a Buy recommendation on the stock. The analysts largely attributed their decision to FIVE's robust recent performance. The stock has demonstrated promising momentum with a year-to-date increase of 15.51%. A family happily shopping for everyday items in a specialty retail store. The analysts mentioned many determinants of Five Below's solid performance and stressed that the company is capable of sustaining the momentum. Analysts think that Five Below's restrained projections about future trends could lead to a higher stock price. The analysts were convinced about Five Below, Inc. (NASDAQ:FIVE)'s growth capacity, regardless of the latest swings in the share price. They expect additional upside, thus justifying the higher price target. The analysts added that FIVE has seen solid sales trends, which also adds to the upgraded price target. Five Below is a popular discount retailer in the United States, offering a wide range of affordable home and lifestyle products, including apparel, personal care, decor, sports gear, tech accessories, and seasonal items. While we acknowledge the potential of FIVE as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 11 Stocks That Will Bounce Back According To Analysts and 11 Best Stocks Under $15 to Buy According to Hedge Funds. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
