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CHIP STOCKS SELLOFF
Global hedge funds suffer steep losses as AI trade unwinds, Asia funds hit hardestGlobal hedge funds suffered steep losses as investors unwound artificial intelligence-related trades amid inflation concerns and expectatio...
Global Market: South Korean shares rebound, but head for biggest weekly loss in 18 yearsSouth Korea’s KOSPI rebounded 2.36% on bargain hunting after a steep selloff, but remained on track for its biggest weekly decline since Oc...
Global Market: Japan's Nikkei rebounds after six-session losing streak; weekly loss nears 5%Japan’s Nikkei rebounded 1.75% after six consecutive sessions of losses, supported by bargain hunting and gains in technology and banking s...
Global Market Today: Asian stocks advance as selloff in chips easesThe MSCI Asia Pacific Index advanced 0.6%, led by stocks in South Korea. Chip stocks rose with Samsung Electronics Co. and SK Hynix Inc. bo...
CoreWeave's slump puts spotlight on debt behind AI boomThe loss-making AI cloud company, burdened with about $50 billion in debt, has become the poster child for mounting concerns that the data ...
US stocks: CoreWeave's slump puts spotlight on debt behind AI boomCoreWeave's financial distress is highlighted by its $50 billion debt and significant default risks, causing stock prices to drop. Investor...
Global Market: TSMC set for sixth straight record quarterly profit on AI chip boomTSMC is expected to report its sixth consecutive quarter of record earnings, driven by surging AI chip demand and technology investments. A...
Global Market: China stocks fall as hot US inflation data revives rate hike fearsChinese stocks tumbled as hotter-than-expected US inflation data revived concerns over prolonged high interest rates. Technology shares led...
Global Market: Japan’s Nikkei plunges nearly 5% as AI stocks tumble on CoreWeave debt concernsJapan’s Nikkei 225 plunged, while the broader Topix fell 2.5%, as AI-linked stocks led a broad selloff. Sentiment was hit by concerns over ...
Global Market: Japanese government bond yields hit one-month lows as investors seek safetyJapanese government bond yields fell to more-than-one-month lows as investors sought safe-haven assets amid a global equity selloff, hotter...
Global Market Today: Stock selloff extends to Asia as chip rout deepensMSCI Inc.’s Asia Pacific equities gauge dropped 1.5%, heading for a fourth straight decline, led by losses in South Korea, a bellwether for...
AI boom’s funding web could spread losses across global markets, IMF warnsThe IMF reports that global AI investment could induce a significant market correction if expectations are unmet. Economic growth has been ...
Global Market: Why China’s CXMT is putting global memory chip giants under pressureGlobal semiconductor stocks tumbled as Chinese chipmaker CXMT’s reported progress on a new memory chip design raised concerns about intensi...
US chip stocks slide as China’s CXMT advances; AI spending fears rattle investorsShares in US chip manufacturers tumbled, primarily influenced by memory and data storage firms, following competitive moves from China's CX...
Global Market: European shares rise as lower oil prices lift sentiment; tech stocks slideEuropean markets saw an uptick, driven by declining oil prices that buoyed sentiment across numerous sectors. However, the technology indus...
US Stock Market prediction for Tuesday: S&P 500, Nasdaq set for volatile trading at Wall Street, Dow Jones, Russell 2000 steady, Nvidia, AMD, Marvell, Micron Technology, Sandisk, JPMorgan Chase, Wells Fargo, Johnson & Johnson shares under scannerUS Stock Market: Nvidia shed 1 per cent while AMD and Marvell Technology eased 1.5 per cent and 2.6 per cent, respectively.
Global Market: Eurozone bond yields fall as tech stock selloff boosts safe-haven demandEurozone government bond yields decline as renewed turbulence in technology stocks drives demand for safe-haven assets. Germany’s 10-year y...
Global Market: AI trade faces biggest test yet as chip stocks tumble across AsiaAsian AI stocks tumbled as rising bond yields, higher financing costs, and concerns over excessive infrastructure spending weakened investo...
Once-hot AI trade leaves Korean stocks struggling for buyersSouth Korea's stock market is facing a significant downturn after a dominant run in the global AI sector, as the Kospi has dropped 22% sinc...
Global Market: China stocks hit over one-year low as AI selloff deepens; Hong Kong reboundsChinese blue-chip stocks fell significantly, marking their lowest point in over a year. The CSI300 Index decreased by 1.3%, while the Shang...