Broadcom (AVGO.O) CEO: Artificial intelligence revenue quadrupled in the first quarter of fiscal 2024, reaching $2.3 billion.

According to Nikkei: Japanese restaurant group Zensho will raise wages for full-time employees by 12%.

Market news: IMF chief Georgieva is expected to win key support for a second term.

As of the week ended March 6, the balance of discount window loans provided by the Federal Reserve was $1.88 billion, and the balance of loans under the Bank Term Financing Program (BTFP) was $164 billion.

Foreign central banks held US$3.13 billion in US Treasury bonds in the week to March 2, compared with the previous value of -US$21.218 billion.

Costco (COST.O) fell 4.4% in after-hours trading after the company reported lower-than-expected revenue.

Broadcom (AVGO.O) Q1 semiconductor solution revenue for fiscal year 2024 was US$7.39 billion, and the market expected it to be US$7.7 billion.

Broadcom (AVGO.O) U.S. stocks fell 4% after hours.

Broadcom (AVGO.O) expects fiscal 2024 revenue of $50 billion.

Investment Company Institute (ICI): Money market fund assets reached $6.08 trillion, continuing to hit a record high.

U.S. consumer credit in January was US$19.49 billion, compared with US$9.25 billion expected and the previous value of US$1.561 billion.

United Steelworkers (USW): "No progress" made in meeting with Japanese steel companies.

U.S. natural gas futures extended their decline, with the decline widening to 5%.

Turkish Presidential Palace: Ukrainian President Zelensky will visit Türkiye on Friday.

Investment bank Evercore: predicts that the Federal Reserve will cut interest rates in June; merger and acquisition activity will increase.

Hang Seng Index futures closed up 0.54% in night trading at 16,329 points, a 99-point premium.

According to the British Financial Times: Reddit targets US$31 to US$34 per share, with a valuation of up to US$6.5 billion.

According to the Financial Times: US social media platform Reddit plans to price US IPO stocks on March 20.