Global Market Today: Asian Stocks Edge Lower on AI Concerns, Oil Gains
5 Articles
5 Articles
The Economic Times
Times of IndiaGlobal Market Today: Asian stocks edge lower on AI concerns, oil gains
MSCIs Asia Pacific equities gauge slipped 0.1%, with benchmarks in Japan and South Korea edging lower. The move followed a retreat on Wall Street on Monday, where the Philadelphia Semiconductor Index tumbled 5.9% — its biggest drop in more than two months — with Nvidia Corp. and Intel Corp. among the decliners.
Asian stock markets opened mostly lower, following the trend of Wall Street, as investors sold off AI stocks. Meanwhile, 10-year US Treasury yields surged above 5%, and WTI and Brent oil prices closed above $100 per barrel. Investors are watching the results of the Federal Reserve meeting later this week. The post Asian Stocks Open Lower on AI Concerns, US Bond Yields Above 5%, and Rising Oil Prices Add Pressure appeared first on Business Online…
Executives at several U.S. artificial intelligence (AI) companies recently called for a slowdown in AI technology development, citing security concerns. This caused all major Wall Street stock indexes to close lower on the 14th, with the Philadelphia Semiconductor Index plunging nearly 6%. The Dow Jones Industrial Average fell 152.09 points, or 0.29%, to close at 52,421.20. The S&P 500 Index declined 37.00 points, or 0.48%, to close at 7,619.9…
On the 14th (local time), major indices in the New York stock market generally closed lower due to weakness in technology stocks, centered on semiconductors. The Dow Jones 30 Industrial Average finished trading at 52,421.20, down 152.09 points (0.29%) from the previous close, while the S&P 500 index fell 37.00 points (0.48%) to 7,619.98. The Nasdaq Composite Index closed at 26,186.41, down 146.62 points (0.56%), and the Nasdaq 100 Index also dro…
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