Why South Korea’s AI Stock Mania Is a Warning
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Wall Street Embraces the Dollar as Warsh’s Fed Activates Bulls
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Oil Holds Gain as Traders Weigh Hormuz Flows After Ship Attack Oil held a gain as traders weighed the outlook for a reopening of the Strait of Hormuz after a cargo ship was attacked in the waterway. West Texas Intermediate traded above $71 a barrel after climbing more than 2% on Thursday, the first increase in five days. Brent rebounded to close near $75 after earlier erasing all of its wartime gains in the session.
Asia Stocks Set for Choppy Open on Tech Volatility: Markets Wrap
Asia Stocks Set for Choppy Open on Tech Volatility: Markets Wrap Stocks in Asia were set for a mixed open Friday after a volatile Wall Street session, where renewed selling in megacap technology shares offset gains fueled by resilient US economic data. Equity futures for Japan, Hong Kong and South Korea pointed lower, while Australia was set to gain. US futures were little changed after Wall Street erased an early rally fueled by Micron Technology Inc.’s bullish sales forecast.