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AI Selloff Continues in Asia; Oil Stays Elevated — Update

Grade Abearish AI signal$WTI$BRENT$NVDA$005930.KS$000660.KS$XAU$JPY
Asian stocks weakened as investors continued pulling back from the crowded AI trade, extending a technology selloff that sent the Philadelphia Semiconductor Index down 6.7%. Samsung Electronics and Kioxia Holdings fell, while SK Hynix rebounded 3.2% after abandoning plans for a U.S. listing of its Solidigm unit amid market volatility; meanwhile, WTI crude gained 0.85% and Brent rose 0.7% as attacks on Saudi energy infrastructure heightened supply concerns. Continued pressure on AI-related financing and escalating threats to Gulf energy infrastructure could sustain equity volatility and support elevated oil prices.

Bullish strength: 35/100

  • WTI crude oil futures rose 0.85% following attacks on Saudi energy infrastructure.
  • Brent crude oil futures gained 0.7% amid concerns about potential supply disruptions.
  • SK Hynix rebounded 3.2% after early-session losses.

Bearish strength: 65/100

  • The Philadelphia Semiconductor Index plunged 6.7%, signaling intense pressure on technology stocks.
  • Investors continued reducing exposure across the AI ecosystem, including established companies with stronger balance sheets.
  • SK Hynix abandoned plans for a U.S. listing of its Solidigm unit amid market volatility.
  • The Kospi fell 0.3%, the Nikkei declined 0.5%, and the Shanghai Composite slipped 0.3%.

This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

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AI Selloff Continues in Asia; Oil Stays Elevated — Update

Asian stocks remained under pressure as investors continued to unwind crowded AI trades, extending the technology selloff across the broader ecosystem. The Philadelphia Semiconductor Index plunged 6.7%, while SK Hynix rebounded 3.2% and WTI and Brent crude gained 0.85% and 0.7%, respectively, amid escalating threats to Saudi energy infrastructure. Continued AI funding uncertainty could intensify semiconductor-sector volatility, while further attacks on energy infrastructure could sustain upward pressure on oil prices.

Wake up! The long bond's up two points!

US Treasuries surged as investors fled risk amid growing concerns over the AI investment boom, with 10-year Treasury yields plunging 19 basis points in their biggest daily drop since early 2023. Fed funds futures rallied as much as 22 ticks, Meta shares fell almost 7%, and CoreWeave dropped another 10% as concerns over AI infrastructure funding weighed on markets, while Brent crude remained above $113 a barrel. The combination of AI investment concerns and elevated oil prices could intensify market volatility and complicate the Federal Reserve's interest-rate decisions.

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