South Korean chipmakers lead Asia declines as AI selloff deepens
AI spending concerns trigger semiconductor selloff The KOSPI was last down 5%, with Samsung Electronics falling 7.5% and SK Hynix dropping 9.2%, extending weakness after a negative session on Wall Street. SK Hynix slid to its lowest level since June...
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China Manufacturing PMI Edges Higher as Exports and AI Spending Support Activity
Manufacturing PMI Supported by Export Demand China’s official manufacturing PMI rose to 50.3 in June, compared with 50.0 in May and above market expectations of 50.2, according to government data released on Tuesday. A reading above 50 indicates expansion, though...
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Asian Stocks Mixed as Middle East Tensions Ease and Rate-Hike Bets Support Dollar
Asian Markets Under Pressure Despite U.S.-Iran De-escalation Asian stocks were subdued on Monday, June 29, after Iran and the United States agreed to halt renewed hostilities that had threatened an interim peace deal and supported oil prices. South Korea's KOSPI...
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Wall Street Futures Slip as Tech Faces Pressure from OpenAI IPO Delay, Rate Jitters
S&P 500 Futures fell 0.3% to 7,331 points by 04:45 ET (08:45 GMT), and Nasdaq 100 Futures dropped 0.9% to 29,460 points. Dow Jones Futures edged up 0.1% to 52,386.0 points, highlighting a divergence between tech-heavy benchmarks and more defensive...
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European stocks retreat as tech sell-off, hot US inflation and Gulf tensions hit sentiment
European indices reverse from record highs The pan-European STOXX 600 index opened 0.4% lower, retreating after a record close that had been supported by strong earnings from U.S. chipmakers Micron and Qualcomm. France's CAC 40 declined 0.2%, London's FTSE 100...
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