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CHIP SHARES TUMBLE
AI meltdown: Kospi crashes 9%, hits 9-month low as Wall Street bloodbath after midterm elections spills to Asia; circuit breaker triggeredThe sell-off followed a global market rout on Thursday, which saw the Nasdaq 100 plunge 6.4%, wiping out a record $2.3 trillion in market v...- South Korea stocks plunge 8%, circuit breaker triggered as chip shares tumbleSouth Korea's KOSPI stock index fell more than 8% during early trading on Friday, reflecting a significant sell-off. The stock market decli...
- Nasdaq tumbles over 3% as tech stocks extend selloff after Democrats sweep midterms; Tesla plunges 9%, chipmakers slideUS stocks faced a sharp decline on Thursday, particularly in technology shares, amid concerns over regulatory scrutiny. The Nasdaq Composit...
- Hong Kong stocks jump 3%, China shares edge higher as tech stocks rallyHong Kong stocks rallied sharply, led by technology and gold shares, as investors welcomed the US midterm election outcome. Alibaba and Ten...
- KOSPI crashes 4% as US midterm shock rattles Asian marketsOil prices and stock markets reacted significantly to the recent midterm election victories by Democrats in the United States. Asian chip s...
- Chinese chipmaker YMTC puts IPO on hold as weaker markets weigh, sources sayThat process has been put on hold due to "various factors", according to an internal note YMTC sent to its staff and seen by Reuters. It di...
- Nikkei slides to 3-month low as AI stocks tumble on US election jittersJapan's Nikkei index took a hit as AI-driven stocks plummeted following the aftermath of the US elections, raising alarms over potential De...
- US Stock Market today: Why are S&P 500, Nasdaq down ahead of November 3 Election Day? Apple, Palantir to Alphabet, Nvidia -- check top, worst performing Wall Street stocksWall Street invetsors on Monday were driven by several factors including Tuesday's Election Day for US Midterm elections.
- China stocks edge higher as reports of market support lift sentimentChina’s stock market edged higher after reports that regulators would discuss measures to support capital markets. However, concerns over s...
- Reddit stock plunges 30% as Google's AI search threatens traffic and user growthReddit shares plunged 23% after the company warned that Google's AI powered search features were hurting referral traffic and could lead to...
- Intel stock plunges 30% as weak PC demand and AI costs trigger global chip selloffIntel shares plunged 30% after the chipmaker issued a weak fourth-quarter revenue forecast and warned of negative cash flow for the year. T...
- Nasdaq futures tumble over 2% as Amazon, Intel stoke AI spending concernsU.S. stock futures tumbled as Amazon's rising AI investments and Intel's cash burn warning heightened concerns over infrastructure costs, b...
- Global Market: China stocks extend losing streak to 12 weeks as global AI selloff hits tech sharesChina's CSI300 index fell to a one-year low, extending its losing streak to 12 weeks as a global AI stock selloff weighed on technology sha...
- Global Market: Japan's Nikkei falls 3% as AI spending concerns hit chip stocks; BOJ holds ratesJapanese shares fell sharply as concerns over the profitability of AI investments sparked a global technology sell-off. The Nikkei 225 drop...
- Amazon cloud business accelerates but shares drop on profit missAmazon experienced a notable decline of over seven percent in its shares following the release of its quarterly earnings, which failed to m...
- Weak quarter for Intel sends shivers through cooling chip stocksChip stocks, particularly those affected by Intel's earnings, faced significant declines following the report's release. Intel attributed i...
- Global Market: China stocks fall as tech selloff deepens despite Fed rate pauseChinese stocks declined as a sharp selloff in technology and AI-related shares outweighed the US Federal Reserve’s decision to keep interes...
- Global Market: Japan's Nikkei rises on Advantest forecast; Samsung slump caps gainsJapan’s Nikkei rose 0.3%, supported by Advantest’s 5.4% rally after it raised its full-year operating profit forecast by 14%. However, decl...
- Samsung logs record $80.5 bln profits despite investor AI jittersMassive demand for AI chips delivered record quarterly profits to South Korea's Samsung Electronics on Thursday, but shares fell as investo...
- Global Market: China stocks slip as tech shares fall ahead of central bank meetingsChinese stocks declined as technology shares weakened and investors adopted a cautious stance ahead of major central bank meetings and corp...
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