Chip firms lead tech stocks rout despite blockbuster earnings

Some investors are concerned that tech giants’ enormous AI spending is unsustainable.

Banks and oil companies power UK stocks’ rebound from Iran war sell-off

Analysts react to rout in South Korea stocks  Reuters

Korean retail investors have racked up heavy losses from leveraged bets on stocks, following rule changes earlier this year.

SINGAPORE: Asian stocks slid on Wednesday (Jul 29) extending a brutal selloff as anxiety about AI valuations, rising competition and spending rocked markets ahead of crucial earnings from big tech firms and a US Federal Reserve policy decision.Oil prices jumped after fresh attacks in the Middle East shattered the relat

A global rout in chip stocks plunged the Nasdaq into correction territory on Tuesday just hours after South Korea’s bourse was forced to halt trading, in a sharp change of fortunes for what has been one of the year’s top performing exchanges. New York’s tech-heavy index fell nearly two per cent at the US market…

The Nasdaq Composite index slid more than 1 percent before recovering, a bumpy ride that has escalated in recent days.

Just weeks after driving major indexes such as the S&P 500 and Nasdaq Composite to record highs, semiconductor stocks are taking a beating once again.

It’s a chip panic that “appears to be indiscriminate,” analysts say.

Global tech stocks plunged after China achieved a breakthrough in developing machinery crucial to the AI boom.Trading was briefly halted on South Korea’s benchmark Kospi index, which collapsed more than 10pc overnight in a worldwide sell-off of semiconductor companies.The downturn was triggered by reports that China ha

Tech sell-off on fears over spending and Chinese competition  The Times

TOKYO (Kyodo) -- The Nikkei stock index plunged over 4 percent early Tuesday as semiconductor-related shares tracked losses by U.S. counterparts amid