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US Stocks See Worst Day Since July Amid AI Jitters and Rate-Hike Fears
A hot inflation report reset expectations for an October rate increase, while wavering confidence in the AI trade took center stage.
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Goldman Sachs: Brazil's First-Round Election Results Trigger "Busiest Week Ever," Foreign Investors Bet on Bolsonaro Victory
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Morocco's phosphate giant OCP SA seeks foreign investors as war-induced supply disruptions hit profits
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Nikkei 225 rose 0.3%, as investors may be adjusting positions ahead of the release of US CPI data.
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South Korean stocks opened higher on Wednesday, with the KOSPI index rising 0.44% at the open and climbing 1.83% to 6,146.01 points as of 9:15 AM, after plunging 5.46% the previous day due to AI concerns.
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Autonomous driving software maker Applied Intuition is seeking to raise funds at a valuation of at least $30 billion, double its June valuation.
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Singapore's Q3 GDP grew by 5.4%, lower than the previous quarter's four-year high but above expectations.
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Science Corporation has implanted a vision-restoring chip into a patient with Stargardt disease for the first time.
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Anthropic asks D.C. court to rehear appeal of Pentagon blacklisting
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Hong Kong's interbank cash reserves are near historic lows, and the HKD exchange rate is approaching the weak end of its trading band. Strategists are concerned that the Hong Kong Monetary Authority's actions to defend the HKD could increase the volatility risk of borrowing costs.
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BofA Securities expects Credo Technology (CRDO)'s optical business to exceed $600 million in total scale by FY27, with its FY28 6.4T scale-up NPO products seeing increased volume. The market may be underestimating its scale-up optical opportunities.
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