Elon Musk announced plans Wednesday for one of the biggest stock sales ever by taking public a space company that is currently losing billions of dollars year.

The Dow Jones Industrial Average rose 645.47 points, or 1.31 percent, to 50,009.35. The S&P 500 added 79.36 points, or 1.08 percent, to 7,432.97. The Nasdaq Composite Index increased by 399.65 points, or 1.55 percent, to 26,270.359.

US chipmaker Nvidia on Wednesday reported record revenue of 81.6 billion US dollars for the first quarter of fiscal year 2027, which ended April 26, 2026, marking an 85 percent increase from a year ago.

A selection of more than 300 imported products, from Russian peony shrimp and Sri Lankan black tea to Bulgarian rose skin care products, reportedly converged in Suzhou, East China's Jiangsu Province, as part of China's "Big Market for All: Export to China" series.

A labor union at South Korean tech giant Samsung Electronics said Wednesday it would suspend a planned general strike and hold a vote on a tentative wage agreement. The general strike, scheduled from May 21 to June 7, will be put on hold until further notice, the union said in a notice to members.

China's word-of-mouth hit "Dear You" continued to top China's daily box office for an 11th consecutive day on Wednesday, with its total earnings surpassing 700 million yuan (about 102 million U.S. dollars), according to film data platform Maoyan.

Malaysia's trade surged in April, driven by resilient electrical and electronic (E&E) exports amid sustained global demand, official data showed on Wednesday. Total trade rose 28.6 percent year on year to 336.73 billion ringgit (about 84.7 billion US dollars), the fastest growth since September

The Lao central bank, the Bank of the Lao PDR (BOL), convened its second Monetary Policy Committee meeting of 2026 to assess recent economic developments and outline measures to maintain monetary stability and support economic growth.