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Asia-Pacific markets set to open subdued after Wall Street's AI-linked stocks slide

Asia-Pacific markets were set to open mixed Friday after a rotation out of chip stocks on Wall Street lifted the Dow Jones Industrial Average to a record close overnight. The Chicago futures contract for Japan's Nikkei 225 was at 67,450 and its Osaka counterpart last traded at 67,610 compared with the index's previous close of 67,470.69. Hong Kong's Hang Seng index futures last traded at 25,158, lower than the index's Thursday close of 25,253.40.

CNBC 5d ago

Commentary: China has become a tech superpower, so why is its economy slowing?

Commentary: China has become a tech superpower, so why is its economy slowing? China cannot keep boosting only one part of the economic growth equation, says public policy professor Donald Low. HONG KONG: For a country that still ranks as middle-income, that China leads the world in many of the industries of the future is nothing short of remarkable.

Channel News Asia 7d ago

Stock market crash today: Rs 5 lakh crore wealth gone! Top reasons for fall

Stock market crash today: Nifty50 and BSE Sensex crashed in opening trade on Monday, with benchmark indices extending losses as weak global cues, relentless foreign investor selling and rising geopolitical concerns dented market sentiment. The broad sell-off erased more than Rs 5 lakh crore from investor wealth, bringing the combined market capitalisation of BSE-listed companies down to around Rs 456 lakh crore.

Times of India 2d ago

Asia-Pacific markets set to open lower on renewed Middle East tensions

Asia-Pacific markets were set to open lower Thursday, tracking Wall Street losses, as tensions between Iran and the U.S. keep oil prices elevated, stoking energy and inflation worries. The Kuwait International Airport was struck by Iran early Wednesday, just a day after the U.S. Central Command said it had defeated multiple Iranian ballistic missiles and drones, as well as launched "self-defense strikes" on Qeshm Island in the Persian Gulf. This was in response to "attempted attacks" by...

CNBC 6d ago

European markets open mixed as AI stocks sell-off hits Asia, South Korea drops 5%

European stock markets had a mixed opening, as shares fell in Asia, with South Korea's benchmark dropping more than 5%. This comes as US markets saw sharp declines in several major artificial intelligence-related stocks on Thursday. As the rally in AI stocks fades, investors were cautious at the open on Friday, with European markets opening to mixed sentiment following steep falls in Asian markets.

Euronews 5d ago

Oil prices climb as Israel expands military operation in Lebanon

Oil prices rose on Monday morning after Israel stepped up its military operation in Lebanon. Crude prices climbed in early Asian trading on Monday after Israeli troops pushed further into Lebanon over the weekend, fuelling investor fears that the broader Middle East conflict could escalate rather than move towards a peace deal. At the time of writing, West Texas Intermediate (WTI) crude was up 2.88% at $89.88 per barrel, while Brent crude rose 2.43% to $93.33 per barrel.

Euronews 9d ago

$1.3 trillion erased from Wall Street: Here's what slowed down AI rally

US tech stocks came under heavy pressure on Friday, with semiconductor giants leading the decline as investors grew cautious about artificial intelligence-fuelled valuations and digested stronger-than-expected US jobs data. The sell-off was most severe in the chip sector, where the PHLX Semiconductor Index plunged 10.3%, marking its steepest single-day fall since March 2020. The decline followed losses a day earlier after Broadcom's quarterly earnings failed to meet the market's elevated...

Times of India 4d ago

Asia-Pacific stocks set to open subdued amid uncertainty over U.S.-Iran peace talks

Asia-Pacific markets were set to open mixed Tuesday, as investors weighed renewed uncertainty over U.S.-Iran peace negotiations, while Wall Street benchmark indexes climbed to fresh highs overnight on tech optimism. Japan's Nikkei 225 was poised to rise, with the Chicago futures contract at 67,140 and its Osaka counterpart last trading at 67,260 compared with the index's previous close of 66,934.33. In Australia, futures last traded at 8,710, compared with the S&P/ASX 200's last close of...

CNBC 8d ago

Tech sell-off deepens as oil prices rise on renewed Iran tensions

Global stock markets fell on Wednesday, extending a volatile week driven by concerns about rising inflation, potential U.S. interest rate hikes, and escalating tensions in the Middle East. Asian shares mostly retreated on Wednesday after a sell-off in technology stocks on Wall Street, while oil prices climbed following fresh US airstrikes against Iran. The US military launched attacks early on Wednesday after an Army helicopter crashed near the Strait of Hormuz, an incident President Donald...

Euronews 9h ago

Asia’s stock markets dive amid Iran-Israel conflict, Wall Street jitters

Asia’s stock markets dive amid Iran-Israel conflict, Wall Street jitters South Korea’s main index plunges nearly 9 percent, while stocks in Japan, Taiwan and Hong Kong also see sharp falls. Asia’s major stock markets have dropped sharply amid the resumption of conflict between Israel and Iran and growing expectations of interest rate hikes in the United States. South Korea’s stock market suffered the steepest losses amid a region-wide sell-off on Monday, as investors followed Wall Street’s...

Al Jazeera 2d ago