SINGAPORE - Asian shares and global stock futures fell on Wednesday in the wake of a tech selloff, while the dollar and yen rose on safety bids and U.S. Treasury yields edged lower as investors fretted over the outlook for the world's largest economy.
Wall Street closed sharply lower overnight after the U.S. returned from a holiday at the start of the week, with AI darling Nvidia tumbling nearly 10% as investors softened their optimism about artificial intelligence. "Growth concerns were the key theme on the day, with cyclical-sensitive assets smacked and hedges laid down aggressively."
The euro retreated further from a 13-month high and was little changed at $1.1048, while sterling fell 0.04% to $1.311.Trump loses bid to move hush money case to federal court and avoid NY criminal sentencing Demonstrators lit a bonfire during a protest and scuffled with Israeli police in Tel Aviv on Tuesday demanding a cease-fire deal and the immediate release of hostages held by Hamas in the Gaza Strip. Heat on the Prairies begins to sizzle, but another surge is looming
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