Nikkei wavers near flat as AI shares fall before Nvidia results
What's new: Fujikura fell 3.5% and SoftBank lost 3.3%, while rising bond yields added pressure ahead of a possible BOJ rate hike in September.
What's new: Fujikura fell 3.5% and SoftBank lost 3.3%, while rising bond yields added pressure ahead of a possible BOJ rate hike in September.
What's new: South Korea's Kospi briefly sank more than 5% as traders weighed weak US tech earnings and awaited Friday's US jobs data.
Why it matters: The Philadelphia chip index has dropped 20.2% from its June peak, pressuring AI-linked shares from Seoul to Wall Street.
What's new: Nasdaq 100 futures rose nearly 2% and oil fell below pre-war levels, easing pressure on regional markets after a two-day slide.