Home Business & Finance Asian Stocks to Decline as Traders Weigh AI, Warsh: Markets Wrap
Business & Finance

Asian Stocks to Decline as Traders Weigh AI, Warsh: Markets Wrap

Asian Stocks to Decline as Traders Weigh AI, Warsh: Markets Wrap
Key Points

Asian Stocks to Decline as Traders Weigh AI, Warsh: Markets Wrap Stocks in Asia were set to fall on Thursday as a selloff in US chipmakers weighed on sentiment and investors assessed fresh remarks from Federal Reserve Chairman Kevin Warsh. Equity-index futures for Australia, Japan and South Korea pointed to declines at the open after US stocks retreated overnight. The S&P 500 slipped 0.2%, while the technology-heavy Nasdaq 100 fell 1.5%.

Asian Stocks to Decline as Traders Weigh AI, Warsh: Markets Wrap Stocks in Asia were set to fall on Thursday as a selloff in US chipmakers weighed on sentiment and investors assessed fresh remarks from Federal Reserve Chairman Kevin Warsh. Equity-index futures for Australia, Japan and South Korea pointed to declines at the open after US stocks retreated overnight. The S&P 500 slipped 0.2%, while the technology-heavy Nasdaq 100 fell 1.5%. A gauge of semiconductor stocks sank 6.3%. Two-year Treasury yields edged lower and oil prices retreated after the US said indirect talks with Iran had been constructive.
Asian (ORG) Asia (LOCATION) US (LOCATION) Federal Reserve (ORG) Kevin Warsh (PERSON) Australia (LOCATION) Japan (LOCATION) South Korea (LOCATION) Treasury (ORG) Iran (LOCATION)
Originally published by Bloomberg Markets Read original →