Asia

Tech stocks led a sharp wave of selling across Asia as concerns over inflated valuations of artificial intelligence companies met with rising oil prices and bond yields. Is the great enthusiasm for AI starting to crack?

Globes presents an update on global markets. This morning, declines in Asia led by chip stocks. Futures in New York are stable, with the Fed minutes to be published this evening. In Tel Aviv, chip stocks will weigh on the opening; a record volume of shorts on the Nasdaq, while company executives are buying at a pace not seen in 15 years.

Volatile trading in Asian tech stocks: Samsung reports record profits, Zhongji Innolight falls in its Hong Kong debut. Wall Street futures are slightly up following Microsoft and Meta reports. The Fed kept the interest rate at 3.75%, and the split among members is deepening.