Asian Stocks Retreat on US Tech Sell-Off as Chipmakers Lead Losses
6 Articles
6 Articles
(Seoul = Yonhap News) Reporter Kim Yu-hyang = On the 26th, attention is focused on whether the KOSPI can attempt further gains following yesterday's rise, driven by the strength of U.S. semiconductor stocks overnight.
The three major US stock indices opened higher as semiconductor stocks showed strength amidst a second consecutive day of decline in US Treasury yields. As of 9:50 a.m. local time on the 25th at the New York Stock Exchange (NYSE), the Dow Jones Industrial Average was trading at 53,422.12, up 4.95 points (0.01%) from the previous trading day. The S&P 500, which focuses on large-cap stocks, rose 27.18 points (0.36%) to 7,680.04, while the technolo…
Global Market Today: Asian stocks dip after US tech selloff, gold gains
Asian markets followed Wall Street's downward trend as caution in technology stocks seeped into trading. Meanwhile, gold prices soared for the fifth day straight, hitting impressive highs. Investors are on the edge of their seats awaiting Nvidia's earnings announcement, which is expected to sway market sentiment. Federal Reserve Chair Kevin Warsh's upcoming speech also promises insights into the economic landscape.
Asian stock exchanges retreat strongly, with Kospi losing 2.11%, while investors await Nvidia's accounts and monitor the rise of tensions in the Middle East.
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