Asian stocks slipped 0.6% as the MSCI Asia Pacific Index fell, with eight of 11 subgroups in the red. South Korea’s Kospi dropped over 2%, led by SK Hynix, while AI infrastructure firm Elice plunged 32% on its Seoul debut. This contrasted with Wall Street’s tech rally, where the Philadelphia Semiconductor Index rose 1.6% and Nasdaq 100 futures edged down.
Treasury yields rose to 5.14% on reduced haven demand, and French bonds fell amid weekend unrest. Investors await earnings from Meta, Tesla, and other tech giants for clues on AI rally sustainability. China’s central bank hinted at shifting its benchmark rate, and gold slipped to $4,130, Brent crude held near $109.40.
The euro remains under pressure due to geopolitical and fiscal concerns in France.
Source: Bloomberg Markets · Summarized by HeadlinesBriefing