AI Selloff Hits Hedge Funds, With Asia-Focused Managers Hit Hardest
Global hedge funds suffered steep losses this week as AI-related bets unwound, according to a Goldman Sachs prime brokerage note. Asia-focused funds recorded the heaviest losses.
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EMERGING MARKETS — Asian currencies retreat after hot US inflation, S.Korean stocks slip 8%
Philippine peso hits record low Taiwan dollar slips to early August levels South Korean won hits 2-week low Seoul chipmakers dive more than 10% (Updates for afternoon trade) By Nikita Maria Jino and Sameer Manekar Oct 15 (Reuters) — Most emerging Asian currencies weakened on Thursday after hotter-than-expected US infla
U.S. Chip Stocks Fall as South Korea’s KOSPI Drops 5%
U.S. semiconductor shares fell as China’s CXMT announced progress on a more efficient memory-cell design, following a 5% drop in South Korea’s KOSPI. Applied Materials fell 6.5% and Micron dropped 4.9%; the S&P 500 was down 0.2% and the Nasdaq 100 fell 0.5% by midday.
Asian FX weakens as oil, Treasury yields rise; baht hits 2-month low
Most Asian currencies fell as oil prices and elevated US Treasury yields pressured risk sentiment. The Thai baht touched 33.64, its weakest since late July, and the rupiah fell to 17,985 per dollar.
Thai baht hits two-month low as oil surge pressures Asian FX
Most Asian currencies weaken, with Thailand's baht leading losses at as much as 33.635 per dollar. Indonesian rupiah, Philippine peso and South Korean won also weaken as US yields rise.
Global Markets: Nasdaq hits record high, oil slips, yields fall
The Nasdaq hit a record closing high, boosted by AI stocks, while falling oil prices and retreating Treasury yields improved risk sentiment. European shares rallied, led by banks and tech, and Asian markets were mixed, with Japan higher and China/Hong Kong up on hopes of a trade truce.
Asian stocks edge higher as investors eye Trump-Xi summit; rupiah slides
Asian stocks rose slightly on Monday as investors awaited a meeting between U.S. President Donald Trump and Chinese President Xi Jinping later this week, while Indonesia's rupiah fell to a one-month low ahead of a central bank decision. South Korea and Taiwan led regional gains on chip optimism.
Asian tech stocks rise on AI optimism; Trump-Xi meeting in focus
Emerging Asian stocks rose on Monday, led by chip-related shares, as investors awaited a meeting between US President Donald Trump and Chinese President Xi Jinping later this week for signals on trade ties and the global economic outlook.
Stock Market Today: S&P 500, Dow Jones Futures Gain Following Independence Day Weekend—Intel, SanDisk, Tesla, Ford In Focus
U.S. stock futures advanced on Monday, as the Dow Jones, Nasdaq 100, and S&P 500 indices rose, following Thursday’s mixed close. The positive moves followed a long Independence Day weekend, which saw the Nasdaq Composite move down amid a decline in semiconductor stocks, even while the Dow Jones index surged to record h
EU: Micron Earnings Lift Tech
Micron's strong earnings and guidance boost tech sector, while a major earthquake hits Venezuela and big US banks pass Fed's stress tests
Asia Stocks Mixed
Asian stocks are mixed as new US strikes on Iran dampen peace hopes, while KOSPI hits a record high
KOSPI hits record high
South Korea's KOSPI index reaches new high on chipmaker gains, driven by tech sector momentum. This may indicate a positive trend for Asian markets.
Kospi Hits Record
South Korea's Kospi index reaches new high on US-Iran peace talks hopes. Asian markets rise in response.