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Asian stocks including KOSPI slide as AI doubts hit chipmakers

Asian stocks fall sharply on Tuesday as mounting skepticism over the massive financial returns on artificial intelligence spending triggered a widespread sell-off across global semiconductor shares.

Pound Sterling Price News & Forecast: GBP/USD declines as the US Dollar holds firm

GBP/USD edges lower after opening at a bullish gap, remaining within positive territory and trading around 1.3290 during the Asian hours on Tuesday.

Gold Price Forecast: XAU/USD looks vulnerable as focus shifts to the Fed meeting

Gold is challenging the $4,050 level early Tuesday, extending the pullback from above $4,100, as sellers remain in control ahead of the two-day US Federal Reserve (Fed) monetary policy meeting, starti ...

Senate prepares for potential CLARITY Act floor vote as Republicans work to secure support

Senate Republicans are preparing to advance the CLARITY Act as lawmakers face a narrow window to begin floor proceedings before the August recess.

Canadian Dollar struggles near two-week low vs USD amid bearish oil prices, ahead of FOMC

The USD/CAD pair enters a bullish consolidation phase near a two-week high, touched during the Asian session on Tuesday, and currently trades around 1.4120.

SNDK, NVDA, SKHY, ASML Stocks Extend Slide Overnight Amid China's AI Challenge, Tech Rotation

New Chinese AI technologies and a remarkably strong listing by the country’s largest memory chip firm weighed on sentiment toward U.S. semiconductors.

AI stock sell-off continues as investors dump chipmakers

SK Hynix and Samsung shares slide and trading halt triggered on South Korea’s Kospi

United Kingdom BRC Shop Price Index (YoY) below forecasts (1.2%) in July: Actual (0.9%)

Australian Dollar gains ahead of RBA Governor Bullock’s speech

AUD/USD inches higher after recovering its daily losses, trading around 0.6990 during the Asian hours on Tuesday. Traders are keeping a close watch on scheduled remarks from Reserve Bank of Australia ...

Navitas projects $13.5M Q3 revenue while targeting AI infrastructure at more than 1/3 of sales by year-end

WTI consolidates near one-week low, around $81.00 as traders eye US–Iran talks

West Texas Intermediate (WTI) – the benchmark US Crude Oil price – is seen consolidating the previous day's heavy losses and trading around the $81.00 mark, just above a one-week high set during the A ...

US Stock Futures Retreat Amid Chip Pressure Even As Oil Pulls Back On Iran Optimism: APLD, CAPR, NVDA, AMKR In Focus

Markets are largely focused on pivotal earnings from major hyperscalers this week, including Amazon.com, Apple, Meta and Microsoft.