Global tech sell-off spreads to Europe as chip shares fall
A sell-off in tech stocks gripped U.S. and Asian markets overnight after an earnings report from Broadcom earlier in the week.
CNBC Daily Open: SpaceX gets a reality check
SpaceX is blocked from early S&P 500 entry, while stocks are under pressure as investors await the May U.S. jobs report.
India’s cenbank cuts growth outlook, raises inflation forecast as it keeps rates steady at 5.25%
RBI raised its inflation projection for the year ending March 2027 by 50 basis points to 5.1%, while cutting growth forecast to 6.6% for the year, from 6.9%.
Tracking website, food watch: South Korea is obsessing over Nvidia CEO Jensen Huang’s visit
South Korean investors are eagerly tracking Nvidia CEO Jensen Huang’s every move as they wait to see what the AI megacap company will do next.
Oil little changed on uncertainty over U.S.-Iran peace deal
Oil was little changed on Friday as prospects dimmed for a near-term end to the U.S.-Israeli war with Iran after Hezbollah rejected a new ceasefire in Lebanon.
South Korea labor minister calls on tech firms to share excess AI profits with suppliers, staff: Reuters
South Korea’s labor minister called on the country’s major tech firms to share the spoils of their profits, warning of worsening inequality risks.
Asia tech stocks drop after Broadcom rattles AI trade and drags Wall Street names lower
Asian technology shares fell, tracking losses in U.S. semiconductor stocks after disappointing earnings Broadcom sparked a rotation out of AI-linked names.
CNBC Daily Open: Chips are down — but not for the Dow
Iran-backed Hezbollah rejected the U.S.-backed ceasefire terms agreed between Israel and Lebanon, demanding a full Israeli withdrawal first.
SpaceX blocked from early U.S. benchmark index entry as S&P reaffirms existing rules
S&P Global said Thursday it was not changing the requirements for entry into its major indices, dealing a setback to the IPO plans of Elon Musk’s SpaceX.
South Korea stocks fall over 5% as tech heavyweights follow plunge in Wall Street’s AI-linked names
Asia-Pacific markets fell on Friday as investors assessed a rotation out of chip stocks on Wall Street that lifted the Dow Jones Industrial Average to a record close.
