Prominent Investors Raise Cash and Warn of Risks in the Artificial Intelligence Boom
The tech-heavy Invesco QQQ Trust fell as prominent investors warned of rising risks and massive spending in the artificial intelligence sector.
Markets
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Australian Shares Break Two-Day Slide as Easing Geopolitical Tension Lifts ASX 200
The ASX 200 climbed 0.6% on Friday to end the week up 0.4%, boosted by falling oil prices and gains in healthcare and consumer sectors.
MarketsBullish
Nasdaq Drops 1.25% as AI Growth Concerns Weigh on Technology Stocks
The Nasdaq Composite index fell 1.25% as lower-than-expected OpenAI revenue and a shelved data center IPO raised questions about AI valuations.
Asian Markets Mixed as OpenAI Revenue Slowdown Weighs on Tech Sector
Asian stock markets traded mixed following a U.S. technology selloff triggered by reports of slowing annualized revenue at OpenAI.
New Zealand Shares Finish Higher on Friday to Secure Weekly Gain
The S&P/NZX 50 Gross Index rose 0.4% on Friday to finish the week 0.5% higher, overcoming morning losses despite caution ahead of key economic data.
India's Sensex Rebounds 1.1% on Strong Tech Earnings
India's BSE Sensex rose 1.1% to 72,367 on Friday, recovering from a 32-month low as strong IT earnings offset foreign capital outflows.
MarketsMixed
Indian Stock Markets Rebound After Sharp Sell-Off But Analysts Warn of Risks
Indian benchmarks rebounded on Friday after Thursday's sharp drop, but high oil prices, US bond yields, and a rate hike present ongoing challenges.
Indian Shares Rise as IT Index Jumps Over 3 Percent Despite US Labor Suspension
Indian stock indices opened higher as IT shares rallied despite the US suspending major technology and outsourcing firms from a labor certification program.
Rising Credit Default Swaps Signal Growing Market Caution Over Big Tech AI Debt
Credit default swap activity for US tech companies has surged 90%, reflecting growing investor caution over debt used to build AI data centers.
Stock Futures Edge Up After OpenAI Revenue Report Triggers Tech Selloff
U.S. stock futures rose after a technology selloff sparked by OpenAI's revenue report, while SpaceX's new spectrum deal pressured telecom shares.
Singapore's Straits Times Index Drops to Three-Month Low on Wall Street Tech Sell-Off
Singapore stocks hit a three-month low as the Straits Times Index drops 0.46%, driven by a Wall Street tech sell-off and caution ahead of economic data.
Indonesian Stock Market Headed for Small Weekly Gain as Fears of Conflict Ease
Indonesian shares rose 0.3% on Friday morning, heading for a 0.2% weekly gain on stimulus hopes and easing geopolitical tensions.
MarketsBullish
Hong Kong Stocks Bounce Back as Hang Seng Index Snaps Two-Day Slide
The Hang Seng Index snapped a two-day losing streak, rising as easing oil prices and rallying US futures boosted investor confidence.
Chinese Stocks Hit Multi-Month Lows Amid Trade Talks and Tech Concerns
Chinese shares declined to multi-month lows as investors monitored crucial China-EU trade talks and tech stock sentiment weakened.
Japanese Stocks Fall as OpenAI Revenue Concerns Trigger Tech Selloff
The Nikkei 225 Index fell on Friday as concerns over OpenAI's revenue outlook triggered a selloff in major technology and AI infrastructure stocks.
Australian Shares Rebound on Friday to Keep Weekly Gain Alive
Australian stocks rose 0.4% on Friday morning, putting the market on track for a weekly gain despite caution ahead of upcoming employment and China data.
MarketsBullish
US Stock Futures Stabilize Following Tech-Led Selloff
US stock futures stabilized after a technology selloff driven by reports that OpenAI revenue missed earlier estimates, dragging down major chipmakers.
New Zealand Shares Fall to Multi-Week Low on Inflation Concerns
The S&P/NZX 50 Gross Index fell to its lowest level since mid-September as rising oil prices and Wall Street declines fueled inflation concerns.
Nasdaq 100 Falls as Report of Weaker OpenAI Revenue Drags Tech Stocks
The Nasdaq 100 fell 1.39% after reports of weaker-than-expected OpenAI revenue triggered a selloff in major semiconductor and AI-linked stocks.
Ibovespa Rises Ahead of Key Brazilian Presidential Runoff Poll
The Bovespa Index rose 0.9% as investors await a key presidential runoff poll, favoring Senator Flávio Bolsonaro's fiscal restraint plans.