From The Economic Times · Bloomberg · · 1m
Asian Stocks Rise as AI Selloff Eases
AI stock selloff eases as Asian markets advance.
In brief
AI stock selloff eases as Asian markets advance. Asian equities rose 0.6% after AI-related chip stocks stabilized following concerns about artificial intelligence trade. Originally reported by The Economic Times.
Asian equities rise
Asian equities rose 0.6% tracking Wall Street gains after chip stock selloff eased.
Chip stocks stabilize
Samsung Electronics and SK Hynix Inc. edged higher as AI trade concerns eased.
S&P 500 rebounds
S&P 500 closed 0.3% higher after erasing losses on Thursday.
Treasury yields drop
10-year Treasury yield fell 13 basis points to 5.06% as market caution grew.
CoreWeave shares rebound
CoreWeave shares rose 4% after 12% drop following CEO Jensen Huang's defense.
AI stock rotation
Value shares gained as tech stocks faced pressure from sticky inflation concerns.
Federal Reserve focus
Fed Chair Kevin Warsh set to speak in Bangkok on IMF managing director.
Market rotation signs
S&P 500 equal-weighted index climbed 1.4% with healthcare and consumer-staples gains.
The main idea
Asian equities rose 0.6% after AI-related chip stocks stabilized following concerns about artificial intelligence trade.
