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Global Market Today: Asian stocks fall on Korean chip selloff, oil dips
Asian markets tumbled as chipmaker stocks experienced a sharp decline, sparking fears the AI rally might have overheated. Concerns also surfaced over Apple's potential chip purchases from China, impacting major players like Samsung and SK Hynix. Meanwhile, comments from Federal Reserve Chairman Kevin Warsh eased inflation worries, suggesting no immediate interest rate hikes. Positive signs emerged from US manufacturing, and geopolitical discussions offered a glimmer of optimism.
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swissinfo.ch
Asian Stocks to Decline as Traders Weigh AI, Warsh: Markets Wrap
(Bloomberg) -- 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…
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Asian Stocks Drop After US Chip Selloff, Oil Falls: Markets Wrap
(Bloomberg) -- Asian stocks fell after a selloff in US chipmakers reignited concerns that the artificial intelligence-driven rally has outpaced fundamentals.
