Tata Consultancy Services reported fiscal first-quarter results that beat revenue expectations and secured a total contract value of $9.5 billion, easing investor concerns over potential headwinds from artificial intelligence.
Shares of Uniqlo parent Fast Retailing fell over 4% despite the company reporting a significant third-quarter earnings beat and raising its full-year guidance. Investor focus shifted to management's warnings over the impact of a depreciating yen on overseas earnings.
Gold prices are set for a weekly decline as escalating military action between the U.S. and Iran drives up oil prices, fueling concerns over inflation and a more hawkish Federal Reserve.
Shares of Uniqlo parent Fast Retailing fell over 5% in Tokyo despite the company raising its full-year profit outlook to a record high. The decline was driven by a management warning about the significant negative impact of the yen's depreciation.
The South Korean memory chip giant priced 177.9 million American Depositary Receipts at $149 each, securing capital to expand high-bandwidth memory production amid surging AI demand.
Samsung Electronics Chairman Lee Jae-yong is reportedly arranging a meeting with Nvidia CEO Jensen Huang in the U.S. by the end of July to discuss expanding their partnership in AI and semiconductor manufacturing, according to a South Korean media report.
The P&C insurance software provider is reportedly working with Morgan Stanley to gauge interest from private equity firms, sending its stock up more than 13% in after-hours trading.
Colombia's benchmark COLCAP index ended Thursday's session down 0.87%, weighed down by losses in the financial, investment, and public services sectors. Energy firm Ecopetrol was a notable outperformer despite the broader market decline.
Brazil's benchmark stock index, the Bovespa, closed higher on Thursday, lifted by strong performances in the real estate, financial, and consumption sectors. The rally occurred alongside a strengthening Brazilian Real and a mixed performance in global commodity markets.
