"Global markets are racking up their fourth day of losses in a row, as concerns over technology valuations are worrying investors. Asia-Pacific stocks have dipped to a one-month low today, amid signs that the enthusiasm that has driven stocks higher in recent months is fading, with shares, risky currencies and crypto assets all sliding MSCI's broadest index of Asia-Pacific shares outside Japan has lost 1.8%, slipping to its lowest level since mid-October."
"Last night, the US stock market fell, with the S&P 500 share index closing at its lowest level in a month. European stock markets are heading for losses when trading begins at 8am GMT too. Various reasons are being cited for the mood change. Investors are fretting that US interest rates may not be cut as quickly as hoped, following hawkish commentary from some policymakers. Jitters are building ahead of AI behemoth Nvidia's results on Wednesday night."
Global markets fell for a fourth consecutive day as concerns about technology valuations and AI-related spending dented investor confidence. Asia-Pacific equities dropped to a one-month low, with MSCI's index outside Japan down 1.8%, South Korea's KOSPI off 3.5% and Hong Kong's Hang Seng down 1.9%, while Japan's Nikkei 225 fell over 3% amid Taiwan-related tensions. US stocks saw the S&P 500 close at a one-month low and European markets face further losses. Rising debt-funded AI infrastructure spending and the prospect of slower US rate cuts are intensifying market jitters ahead of Nvidia results.
Read at www.theguardian.com
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