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Asian Stocks Set for Declines as AI Rally Cools: Markets Wrap

Bloomberg Markets Wednesday 05 August 2026, 22:06 UTC By Toby Alder 1 min read
Key Points

Asian Stocks Set for Declines as AI Rally Cools: Markets Wrap Stocks in Asia were poised to ease Thursday as investors digested gains in technology shares while watching for fresh signs of progress toward a deal to reopen the Strait of Hormuz. Equity-index futures for Australia, Japan and South Korea all edged lower, while a gauge of Chinese companies listed in the US slipped 1%. Contracts for US stocks were little changed in early Asia trading after the S&P 500 and Nasdaq 100 indexes both...

Asian Stocks Set for Declines as AI Rally Cools: Markets Wrap Stocks in Asia were poised to ease Thursday as investors digested gains in technology shares while watching for fresh signs of progress toward a deal to reopen the Strait of Hormuz. Equity-index futures for Australia, Japan and South Korea all edged lower, while a gauge of Chinese companies listed in the US slipped 1%. Contracts for US stocks were little changed in early Asia trading after the S&P 500 and Nasdaq 100 indexes both retreated. A gauge of chipmakers fell 1.4%, though Nvidia Corp. climbed. SpaceX tumbled 14% despite strong earnings as about $101 billion of shares become eligible for trading.
Asian (ORG) AI Rally Cools (ORG) Markets Wrap Asian Stocks Set for Declines (ORG) Asia (LOCATION) the Strait of Hormuz (LOCATION) Australia (LOCATION) Japan (LOCATION) South Korea (LOCATION) Chinese (ORG) US (LOCATION) Nvidia Corp. (ORG) SpaceX (ORG)
Originally published by Bloomberg Markets Read original →

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