Global Market Today: Asian stocks slide as US chip selloff deepens
60-Word AI Digest
The MSCI Asia Pacific gauge dropped 0.4% with South Korea’s Kospi Index sliding almost 3%. In the US, a gauge of chipmakers extended a three-day rout to 12% and the Nasdaq 100 sank 10% from its peak, entering a technical correction. In a sign some investors are looking to buy on dips, US stock futures gained....
Key Takeaways
- The MSCI Asia Pacific gauge dropped 0.4% with South Korea’s Kospi Index sliding almost 3%.
- In the US, a gauge of chipmakers extended a three-day rout to 12% and the Nasdaq 100 sank 10% from its peak, entering a technical correction.
- In a sign some investors are looking to buy on dips, US stock futures gained.
The MSCI Asia Pacific gauge dropped 0.4% with South Korea’s Kospi Index sliding almost 3%. In the US, a gauge of chipmakers extended a three-day rout to 12% and the Nasdaq 100 sank 10% from its peak, entering a technical correction. In a sign some investors are looking to buy on dips, US stock futures gained. Japan is closed for a holiday.
Original Publisher Attribution
This summary was curated from Economic Times.