Japanese benchmark Nikkei 225 It hit a record high of 44,396.95 on Thursday, mirroring profits on Wall Street overnight with federal cuts and positive inflation data.
One of the heavyweights of the Nikkei 255, Tech Investment Firm Softbank Group has recorded its second consecutive day of profit, surpassing 10%. Following a report in the Wall Street Journal, Openai has won an approximately $300 billion cloud computing contract with Oracle, citing sources familiar with the issue.
Oracle’s stock closed 35.95% of the state on Wednesday after the cloud giant reported Gobsmacking cloud demand. Oracle is currently looking at $18 billion in cloud infrastructure revenue for fiscal year 2026, and the company is hoping to reach $32 billion, $73 billion, $114 billion and $144 billion annually.
“Expect a nice bump from SoftBank. When investors joined the dot between this connection and Oracle connection, when Trump announced the Stargate program just a few months ago, when Masayoshi’s son and Larry Ellison were standing together.”
Softbank’s link to Oracle comes from a joint role in the high-profile Stargate program, a $500 billion US initiative announced in January by US President Donald Trump alongside Openai’s Sam Altman, Oracle’s Larry Ellison and Softbank founder Masayoshi Son.
Energy and utility inventory led profits at the Nikkei 225. Mitsui mining and smelting rose by more than 5%, while electrical components manufacturer Fujitsu rose by 4%. Meanwhile, the Topix index reversed the course and rose 0.2%.
South Korea Kospi It went 0.65%, with the small Cosdaq rising 0.39%.
In Australia, the ASX/S&P 200 fell 0.44%.
Hong Kong Hangsen index The Hang Seng Tech index was flat, but fell by 0.29%. The mainland CSI 300 reversed the course to score 1.77%.
India’s benchmark, Nifty 50, was flat in early trade, but the Sensex index rose 0.15%.
U.S. stock futures changed little in Asia early as Wall Street waited for the state’s major consumer inflation gauge Thursday morning for August.
Within the state overnight, most of the US major benchmarks rose, reaching new record highs after data from the latest producer price index showed inflation was cooled.
The Broad Market S&P 500 rose 0.3% to 6,532.04. This is a record end of the index. It also scored a new all-time high, up about 0.7% at its peak to 6,555.97. NASDAQ Composite rose 0.03% to close at 21,886.06. Similarly, it scored a closed high after a record high before an afternoon pullback.
Dow Jones Industrial Average finished 220.42 points (0.48%) at 45,490.92, shaking a decline in Apple’s stock as the latest iPhone announcement failed to impress investors.
-CNBC’s Sean Conlon, Ashley Kaput, Chris Ewdaily and Lisa Kailay Han contributed to this report.
