Chipmakers Lead Korean Stock Selloff on Yield Spike, IPO Stumble
Chipmakers drove losses in South Korean equities Tuesday, as foreign investors reduced exposure on a rise in Treasury yields and a weak stock market debut by a data center firm.
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Chipmakers drove losses in South Korean equities Tuesday, as foreign investors reduced exposure on a rise in Treasury yields and a weak stock market debut by a data center firm.
A selloff in chipmakers drag US equity futures down ahead of bank earnings. Saudi Arabia intercepted more ballistic missiles launched by Yemen's Houthis, targeting Riyadh and Khamis Mushait. Nandan Nilekani of Infosys speaks exclusively with Bloomberg's Shery Ahn at the Bloomberg New Economy Forum in New Delhi. Seema Shah of Principal Asset Management joins "Bloomberg Brief" to look ahead to bank earnings. (Source: Bloomberg)
A selloff in chipmakers extended for another day, putting pressure on equity markets as traders also prepared for Wall Street banks to kick off the US earnings season in earnest. Big US banking stocks, meanwhile, are firmly in correction territory as Citigroup, Goldman Sachs, JPMorgan and Wells Fargo prepare to report before the open. The KBW Bank Index has dropped around 12% from a mid-August peak, exceeding the 10% threshold for a technical correction. The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Tom Mackenzie. (Source: Bloomberg)
Stocksย andย bondsย kicked off the week on a positive note as hopes for diplomatic efforts to end the war in Iran droveย oil pricesย lower, easing inflation anxiety. The advance in equities erased theย S&P 500โs decline for the month, with a renewed rally inย chipmakersย also buoying sentiment. Omar Aguilar, CEO and CIO of Schwab Asset Management, joins for a broad look across asset classes for the rest of 2026. (Source: Bloomberg)