Latest news with #MSCI
Yahoo
a day ago
- Business
- Yahoo
NVIDIA (NVDA) Rebounded from the Previous Lows
Mar Vista Investment Partners, LLC, an investment management company, released its 'Mar Vista Global Quality Strategy' second-quarter 2025 investor letter. A copy of the letter can be downloaded here. The first half of 2025 concluded on a historic note, as global equities shrugged off earlier turbulence to close at record levels. The rebound in the U.S. stock market challenges investors' confidence in shifting their focus to Europe. In the second quarter, the strategy returned +12.98% net of fees, compared to +11.47% and +11.53% returns for the MSCI World Net Index and the MSCI All Country World Net Index, respectively. In addition, please check the fund's top five holdings to know its best picks in 2025. In its second quarter 2025 investor letter, Mar Vista Global Quality Strategy highlighted stocks such as NVIDIA Corporation (NASDAQ: NVDA). NVIDIA Corporation (NASDAQ:NVDA) offers graphics and compute, and networking solutions. The one-month return of NVIDIA Corporation (NASDAQ:NVDA) was 15.59%, and its shares gained 26.97% of their value over the last 52 weeks. On July 10, 2025, NVIDIA Corporation (NASDAQ:NVDA) stock closed at $164.10 per share, with a market capitalization of $4.032 trillion. Mar Vista Global Quality Strategy stated the following regarding NVIDIA Corporation (NASDAQ:NVDA) in its second quarter 2025 investor letter: "NVIDIA Corporation (NASDAQ:NVDA) shares rebounded from their calendar Q1 lows as investor concerns over DeepSeek's efficiency gains and U.S. government restrictions on advanced AI semiconductors, such as NVIDIA's H20 family of GPUs, proved overstated. Demand for NVIDIA's next-generation Blackwell platform remains strong, fueled by the growing complexity of large language models and the emergence of reasoning-based applications. As CEO Jensen Huang noted, reasoning tasks can require up to 10 times the compute power of training a conventional large language model. With the AI market still in the early stages of a multi-year infrastructure build-out, NVIDIA is well-positioned to capture significant value as the industry standard for accelerated computing." NVIDIA Corporation (NASDAQ:NVDA) is in 5th position on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 212 hedge fund portfolios held NVIDIA Corporation (NASDAQ:NVDA) at the end of the first quarter, which was 223 in the previous quarter. NVIDIA Corporation (NASDAQ:NVDA) reported another record quarter in fiscal first quarter of 2026 with $44 billion in revenues, representing a 69% year-over-year increase. While we acknowledge the potential of NVDA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. In another article, we covered NVIDIA Corporation (NASDAQ:NVDA) and shared the list of best semiconductor stocks to buy according to Reddit. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey. 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
The Star
a day ago
- Business
- The Star
Affin Group achieves MSCI ESG rating upgrade to AA
Affin Bank Bhd president and group chief executive officer Datuk Wan Razly Abdullah KUALA LUMPUR: Affin Bank Bhd has been upgraded from 'A' to 'AA' in the Morgan Stanley Capital International (MSCI) environmental, social and governance (ESG) ratings. In a statement today, the bank noted that the upgrade, published in MSCI's latest ESG ratings report, was largely driven by improvements in its corporate governance practices, including enhanced board oversight, accountability, and transparency, all aligned with global best practices. "According to MSCI's evaluation, the group outperformed industry peers, particularly in areas such as corporate governance, consumer financial protection, and data privacy practices. "The group's approach to cyber security risk mitigation, product transparency, whistleblower policy, as well as business ethics and oversight, was found to be superior or in line with global standards,' it said. President and group chief executive officer Datuk Wan Razly Abdullah said the group is honoured to be recognised by MSCI with an AA rating. "This reflects the tangible progress we have made in embedding sustainability into our operations, culture, and governance. "Sustainability is more than compliance; it is a core driver of how we create value for our stakeholders and ensure long-term resilience,' he said. As part of its ESG-focused strategy, Affin said it continues to introduce purpose-driven products and services such as green financing, ethical investment solutions, and inclusive digital offerings that promote financial well-being and environmental stewardship. "These include recent initiatives under its small and medium enterprises banking portfolio that support social enterprises, climate-conscious borrowers, and underserved communities, delivering both commercial and societal value,' the bank added. - Bernama
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Business Standard
2 days ago
- Business
- Business Standard
Emerging market assets weighed down by Trump's blanket tariff threat
By Marcus Wong and Kerim Karakaya Emerging-market currencies and stocks fell after President Donald Trump signaled he is eyeing blanket tariffs of 15 per cent to 20 per cent on most of America's trading partners. The MSCI index tracking developing-world currencies edged lower, with the South African rand and the Mexican peso leading the losses. The Bloomberg Asia Dollar Index is down 0.4 per cent this week, on track for its biggest weekly loss in six weeks. An index for EM equities also weakened. In his latest comments, Trump also threatened a 35 per cent tariff on some Canadian goods, adding to investor jitters. Still, some investors remained optimistic that the longer-term trends boosting developing economies will continue despite Friday's retreat. Markets have been on the edge this week as the fresh tariff announcements appearead to undo earlier relief when Trump delayed the effective date for most US levies to Aug. 1 from July 9. Investors will be closely watching US inflation data due on Tuesday for any impact from tariffs, as well as that on the Federal Reserve's policy trajectory. 'Growing confidence the Fed can achieve a soft landing and resume its easing stance in September together with strong technicals have provided a boost to EM high yield,' Faergemann said.
The Star
2 days ago
- Business
- The Star
Emerging markets - Singapore stocks at all-time high and Indonesia stocks also soaring as investors eye tariff talks
JAKARTA (Reuters): Stock markets forged ahead in emerging Asia on Friday, as investors saw US President Donald Trump's tariff threats as more of a strategic move to extract favourable concessions in US trade talks now in focus before an August 1 deadline. An MSCI gauge of equities in emerging Asian countries jumped to its highest since early January 2022, while a subset of ASEAN equities hit a six-week high. Traders have reacted more calmly to tariff threats this time, compared with the dramatic swings of early April after Trump's Liberation Day levies triggered chaos in global financial markets. "Sentiment has improved with the increased certainty surrounding the conclusion of US-imposed tariffs," said Kenneth Tang, senior portfolio manager at Nikko Asset Management. "This clarity (on tariffs) has helped to alleviate fears." The anxiety has been allayed largely because import duties remain unchanged for most countries, there is further room for talks, and traders are betting the new US threats are tactics designed to extract more concessions. Globally, US and European stock futures dipped during Asia trade after Trump stepped up tariff threats against Europe and Canada. In South-East Asia, Singapore's FTSE Straits Times index set a new all-time high for an eighth straight session, driven by strong inflows in its industrial and telecom sectors, while Indonesia's benchmark jumped to a three-week high. Thailand's shares jumped more than 1% to become the region's top gainers, while benchmarks in Malaysia and the Philippines ticked modestly higher. Tang said he remained constructive on Asean for the second half, with a preference for Singapore because of attractive valuations and strong dividend yields, and the Philippines, for its improved macroeconomic outlook. "We believe Asean is well-positioned for further performance due to a weakening USD and domestic policy accommodation." Asean groups 10 South-East Asian nations with Indonesia, Malaysia, Singapore and Thailand among its top economies. In China, the Shanghai Composite hit a nine-month high, and the blue-chip CSI300 index scaled a seven-month peak. South Korea's KOSPI gauge hovered around its August 2021 high, a day after the central bank held interest rates steady, though a majority of its board signalled another rate cut in the next three months. Most regional currencies held their ground against the U.S. dollar, though India's rupee and Malaysia's ringgit slipped marginally. Thailand's baht ticked higher, while Japan's yen eased 0.4%. Overnight, Brazil's real rebounded from a plunge of more than 2% the previous day after Trump threatened a 50% tariff on imports from the South American nation. An MSCI index of global emerging currencies trended marginally lower. - Reuters
Free Malaysia Today
2 days ago
- Business
- Free Malaysia Today
Nvidia-fuelled rally lifts Asian shares despite tariff noise
Asian shares rose on Nvidia's US$4 trillion market value milestone, cementing its status as a Wall Street favourite. (AP pic) SINGAPORE : Asian stocks rose slightly on Thursday, riding on optimism from Nvidia's brief rise to a world-record US$4 trillion valuation and as investors largely shrugged off US President Donald Trump's latest tariff salvos. US copper futures widened their premium to the London benchmark overnight after Trump announced plans to impose a 50% tariff on copper. He later said on Wednesday the levies would come into effect on Aug 1. Trump also turned his trade ire against Brazil on Wednesday as he threatened a punitive 50% tariff on exports to the US and issued tariff notices to seven minor trading partners. The latest moves did little to rattle markets, leaving MSCI's broadest index of Asia-Pacific shares outside Japan up 0.2%. The Nikkei fell 0.56%, while China's CSI300 blue-chip index rose 0.2% and Hong Kong's Hang Seng Index added 0.1%. EUROSTOXX 50 futures gained 0.18% and FTSE futures advanced 0.33%. Artificial intelligence chip designer Nvidia on Wednesday became the world's first company to hit a US$4 trillion market value, as it solidified its position as one of Wall Street's most favoured stocks. US stock futures eased slightly in Asia on Thursday, with Nasdaq futures and S&P 500 futures both down about 0.2% each, after both indexes closed higher in the cash session overnight. The market reaction to Trump's tariff developments this week has been much less severe than the post 'Liberation Day' selloff in April, with Jeff Ng, SMBC's head of Asia macro strategy, saying investors have grown somewhat 'numb' to the ever-changing situation. 'They know that there is still room for negotiation. A lot of these announcements, they start off with eye-catching numbers, but they are not totally final, and they are still subject to changes. Even if they are implemented, they could also be reversed in the coming few months to year,' he said. Also keeping stocks supported were expectations of Federal Reserve rate cuts later this year. Minutes released on Wednesday showed 'most participants' at the Fed's meeting last month anticipated rate cuts would be appropriate later this year, with any price shock from tariffs expected to be 'temporary or modest'. 'Right now, markets are not pricing in a high chance of a full-blown recession at this stage, given that the labour market continues to be quite resilient, but they know that there's a lot of pressure to push policy rates lower, so that could lower the opportunity cost of holding equities,' Ng said. Dollar eases The dollar was on the back foot on Thursday, falling 0.4% against the yen to 145.79 after a sharp rise earlier this week when Trump slapped Japan with 25% tariffs. The euro was up 0.17% to US$1.1742 and sterling gained 0.11% to US$1.3605. An exception was the Brazilian, which languished near a one-month low at 5.5826 per dollar owing to Trump's tariff threat on Latin America's largest economy. 'Despite the S&P 500's impressive rally, the US dollar continues to retreat, underscoring a shifting global macro narrative,' said Julia Wang, global market strategist at JP Morgan Private Bank. 'We believe the greenback remains 5-15% overvalued and expect continued weakness as cyclical convergence and capital reallocation trends play out.' In cryptocurrencies, bitcoin hovered near a record high and was last at US$111,234.63, while ether was up 1.3% to US$2,775.54. 'We're seeing our clients take a more measured approach, making strategic allocations into cryptocurrencies with real utility instead of chasing short-term moves. Bitcoin remains the top pick on our platform,' said Gracie Lin, OKX's Singapore CEO. Elsewhere, oil prices fell on Thursday, with Brent crude futures down 0.16% to US$70.08 per barrel, while US crude lost 0.22% to US$68.23 a barrel. Spot gold rose 0.3% to US$3,322.69 an ounce.
