Chip selloff deepens as SOX enters bear market, Asian stocks fall
Why it matters: The Philadelphia chip index has dropped 20.2% from its June peak, pressuring AI-linked shares from Seoul to Wall Street.
Why it matters: The Philadelphia chip index has dropped 20.2% from its June peak, pressuring AI-linked shares from Seoul to Wall Street.
What's new: Nasdaq 100 futures rose nearly 2% and oil fell below pre-war levels, easing pressure on regional markets after a two-day slide.