US EditionUS Futures, Asian Shares Slip, Tracking Wall Street’s Retreat, While Oil Falls More than $2
Markets fell due to uncertainty over Fed nominee Kevin Warsh and hotter inflation data; South Korea's Kospi dropped 4.6% amid AI bubble concerns, oil prices fell over $2.
- On Monday, U.S. futures and Asian shares skidded as oil fell more than $2 a barrel, with U.S. crude at $62.41 and Brent crude at $66.32.
- Investors fretted over what Kevin Warsh's nomination could mean for policy as a Friday U.S. wholesale inflation report showed hotter prices last month, pressuring the Fed to hold rates steady.
- Tech-Heavy indexes slid as major chip names and AI-linked firms weakened: the Kospi tumbled 4.6% to 4,982.54, with Samsung Electronics down 3.5% and SK Hynix 5.6%, while other regional benchmarks also fell.
- Gold's collapse sent miners tumbling as gold plunged 11.4% to $4,745.10 while silver plunged 31.4%, though Apple and Tesla limited losses with gains of 0.5% and 3.3%.
- The Fed's independence and policy trade-offs underpin investor calculations as markets weigh keeping rates high to reach the Fed's 2% inflation goal and gold roughly doubled over 12 months.
38 Articles
38 Articles
Daily Bulletin
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Herald Bulletin
US futures and Asian shares slip as worries over Trump's Fed chief pick and AI weigh on markets
U.S. futures and Asian shares have skidded as worries over President Donald Trump's nominee to be the next Federal Reserve chair amplified jitters over a possible bubble in the artificial intelligence boom. South Korea's exchange, which is heavily influenced by…
US futures, Asian shares slip, tracking Wall Street’s retreat, while oil falls more than $2
U.S. futures and Asian shares skidded Monday and oil prices fell more than $2 a barrel. In South Korea, the Kospi tumbled 4.6% to 4,982.54 as worries revived over a potential bubble in the craze for artificial intelligence. Samsung Electronics gave up 3.5%, while chip maker SK Hynix sank 5.6%. The Kospi has been forging records for weeks as major tech companies piggybacked on the AI craze with deals with major players like chip maker Nvidia. In …
Associated Press News
US futures, Asian shares slip, tracking Wall Street's retreat, while oil falls more than $2
U.S. futures and Asian shares are lower after a retreat on Wall Street. Oil prices fell more than $2 a barrel and gold and silver advanced after plunging on Friday.
US futures, Asian shares slip, tracking Wall Street’s retreat, while oil falls more than $2 – UK Times
For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails U.S. futures and Asian shares skidded Monday and oil prices fell more than $2 a barrel. In South Korea, the Kospi tumbled 4.6% to 4,982.54 as worries revived over a potential bubble in the craze for artificial intelligence. Samsung Electronics gave up 3.5%, while…
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