Asian stocks are mixed after Big Tech sell-off
South Korea’s Kospi rebounded 3.3% after a 10% drop, while Japan’s Nikkei slipped as investors weighed higher-rate risks for AI stocks.
- Asian markets traded mixed on Wednesday following a global sell-off in technology and semiconductor shares that spread from Asia to Wall Street, rattling investors after weeks of significant gains.
- Growing concerns that the Federal Reserve could raise interest rates later this year are stifling heavy AI spending, as traders worry higher rates will hamper economic growth and deflate the AI-related stock surge.
- South Korea's Kospi index sank 10% on Tuesday before recovering slightly, while Sandisk shares fell 13.6% and Marvell Technologies lost nearly 9.4%, exemplifying the sharp downturn in semiconductor stocks.
- Market analyst Michael McCarthy at Moomoo Securities Australia said "price action over the last seven trading days has been alarming," signaling instability, while James Reilly, senior markets economist at Capital Economics, called the falls an illustration of rising volatility.
- Investors await Thursday's personal consumption expenditures price index, the Federal Reserve's preferred inflation gauge, while oil prices have eased amid U.S.-Iran negotiations though energy costs remain elevated versus pre-war levels.
18 Articles
18 Articles
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World shares are mixed after a Big Tech sell-off
World shares are mixed on Wednesday, following a sell-off in big technology stocks from Asia to Wall Street. U.S. stock futures are also trading mixed. Global investors are monitoring market movements including in Japan and South Korea, which have seen…
World shares are mixed after a Big Tech sell
Wall Street was poised to open with modest gains Wednesday following a global sell-off in big technology stocks a day earlier. Futures for the S&P 500 inched up 0.1% before the opening bell, while futures for the Dow Jones Industrial Average were flat. Nasdaq futures were up 0.3%. Some of the companies hit hardest by selling Tuesday took back some of those losses before the market opened. Chipmaker Micron, which tumbled more than 13% on Tuesday,…
The Asian stock exchanges recorded mixed performance this Wednesday, looking for stabilization after a strong wave of sales that hit large technology companies from Asia to Wall Street. Exclusive material for subscribers. To have full access, access the link of the material and register.
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Asian Markets Cautious as Tech Selloff, Currency Pressures and Global Volatility Persist
Asian stock markets traded unevenly on Wednesday, reflecting lingering uncertainty after a sharp global selloff in technology and semiconductor shares, while investors continued to grapple ... The post Asian Markets Cautious as Tech Selloff, Currency Pressures and Global Volatility Persist first appeared on [your]NEWS.
Rutland Herald
Asian stocks are mixed after Big Tech sell-off
Asian stocks are mixed on Wednesday, following a sell-off in big technology stocks from Asia to Wall Street. U.S. stock futures are also trading mixed. Global investors are monitoring market movements in Japan and South Korea, which have seen big…
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