Business & Finance
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.