Asian shares slip as sharp drops for AI stocks overwhelm markets worldwide and oil prices jump – Winnipeg Free Press

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• Asian shares slip as sharp drops for AI stocks overwhelm markets worldwide and oil prices jumpdailygazette.com·23/10, 05:00▼ NVDA▼ QQQ▼ SPY▼ VNINDEXAsiaartificial intelligenceoil prices
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• Asian shares wobble as tech rout boosts bonds , dents rate hike bets

  Asian shares fell as a tech sell-off hit markets: MSCI's Asia-Pacific index excluding Japan dropped 0.3% on Friday, for a 2.7% weekly loss and a fourth straight weekly decline, with Japan's Nikkei down 1.3% and South Korea's KOSPI down 1.7%. On Wall Street, the Nasdaq fell more than 2%, and Meta shares lost nearly 8% after the company posted its first cash outflow in over a decade due to AI-related spending. Money flowed into US Treasuries, pushing the 10-year yield down more than 19 basis points to 4.9591%, below the 5% level. The implied probability of a December Fed rate hike fell to 85%, while Brent oil hit a five-month peak of US$114 a barrel. Gold was flat at US$4,021.99 an ounce after a nearly 3% overnight drop, failing to attract safe-haven demand.

  freemalaysiatoday.com·23/10, 05:00▼ NVDA▼ QQQ▼ AMZN▼ DXYAsiaartificial intelligencebonds
• Asian shares mostly decline after AI stocks lead a rebound on Wall Street

  Asian shares were mostly lower on Tuesday after AI-related stocks rebounded on Wall Street, while other sectors stayed shaky and oil prices remained high. Japan's Nikkei 225 fell 0.6% to 64,512.35, Australia's S&P/ASX 200 lost 0.8% to 8,772.10, and South Korea's Kospi dropped 2.8% to 5,605.31. On Wall Street, the S&P 500 rose 0.4% and the Nasdaq composite gained 1.1%, while the Dow Jones dipped 0.1% as most stocks outside AI and tech fell. The 10-year Treasury yield climbed to 5.14% from 5.09%, and U.S. crude rose 0.15% to $103.50 a barrel, with Brent at $109.47, as uncertainty over the war with Iran kept oil prices elevated.

  mymotherlode.com·20/10, 09:00▲ NVDA▲ QQQ▲ SPY• VNINDEXAsiaWall Streetoil prices
• Tumbling AI stocks overwhelm markets worldwide as oil prices jump

  The S&P 500 fell 1.2% and the Nasdaq Composite tumbled 2.6% on Thursday, the index's worst day since July, as AI stocks slid on worries about the cost of borrowing to build data centers and high valuations. Lam Research dropped 11.6% despite slightly stronger-than-expected profit and revenue, while Meta fell 7.9%, Nvidia 4.3% and CoreWeave 11%. Asian markets also fell, with South Korea's Kospi down 3.5%, Hong Kong's Hang Seng down 3% and Japan's Nikkei 225 down 2.7%. Brent crude rose 3.7% to $112.80 a barrel, touching its highest level since May, while the 10-year Treasury yield fell to 4.96% from 5.13% as investors sought safer assets. Most U.S. stocks still rose, and the Dow Jones edged up less than 0.1%.

  prpeak.com·22/10, 21:00▼ NVDA▼ QQQ▼ SPY▼ VNINDEXartificial intelligenceoil pricesNVDA
• Sinking AI stocks undercut markets worldwide as oil climbs to its highest price since May

  The S&P 500 fell 1.3% and the Nasdaq composite was down 2.4% around midday, after sharper losses in Asia, while the Dow slipped only 0.1%. AI-related shares sank on worries about the rising cost of borrowing to build data centers and buy chips, as well as high valuations, with Lam Research down 11.1% despite a slight profit and revenue beat, Meta down 7.4%, Nvidia down 4.3% and CoreWeave down 9.6%. South Korea's Kospi fell 3.5%, and Brent crude rose 2.9% to $111.99 a barrel amid uncertainty over the war with Iran. The 10-year Treasury yield dropped to 4.98% from 5.13%, but remains well above its 3.97% level before the war as investors sought safer assets. Most S&P 500 stocks still rose, and results from Procter & Gamble, Lockheed Martin and CSX helped limit losses.

  mymotherlode.com·22/10, 19:15▼ NVDA▼ QQQ▼ SPY▼ VNINDEXartificial intelligenceNVDAoil prices

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