Asian stocks plunged on Monday as investors rushed out of the hottest AI-linked shares on fears the bull run has gone too far, too fast and as fresh hostilities in Iran pushed up oil prices.
Tag: Stocks
Wall Street tumbled on Friday as semiconductors extended their selloff while a robust employment report fueled fears of a hawkish policy pivot from the Federal Reserve.
Wall Street advanced on Thursday as progress toward ending the Iran war buoyed investor sentiment, while disappointing results from Broadcom led a chip selloff that pulled the Nasdaq lower.
Global stocks rallied on Tuesday, buoyed by fresh AI optimism after Anthropic moved towards a U.S. stock market listing, while oil prices and bond yields fell on renewed hopes of a U.S.-Iran deal.
Asian share markets extended their bull run on Monday as the AI boom continued to drive demand, offsetting news of fresh attacks in the Gulf that challenged optimism about a re-opening of the Strait of Hormuz and lifted oil prices.
Wall Street’s major indexes extended their record run, heading for weekly and monthly gains on Friday, as gains in tech stocks and reports the U.S. and Iran had reached a deal fanned investor optimism.
Oil prices rose on Tuesday and stocks dithered as investor optimism over an imminent U.S.-Iran peace deal was tempered by new U.S. strikes in the Middle East.
Stocks surged on Monday while the U.S. dollar and oil prices slid as the prospect of a deal to end the Iran war buoyed risk appetite, although a lack of clarity over when the Strait of Hormuz would open kept enthusiasm in check.