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Asian Markets Slip as Traders Eye Tech Rally, US Rate Outlook
Markets fell amid AI investment surges and concerns over US interest rate cuts, with tech stocks at record highs and potential correction risks, analysts said.
- On Tuesday, Asian markets fell as investors weighed a tech rally driven by artificial intelligence against fears of an AI bubble and the US interest-rate outlook.
- A surge in AI investment this year propelled technology equities to record valuations, but Jerome Powell, Federal Reserve chair, indicated last week that a third rate cut was not definite, restraining buying.
- Falling crude prices weighed on energy names, while AI investment lifted tech stocks.
- Currency moves included a firmer rupee following Reserve Bank of India action, but this is unrelated to the stock market decline and AI concerns on Tuesday.
- Market commentators flagged growing scepticism as Kathleen Brooks warned of correction risk in the next 1-2 years, and Ozkardeskaya noted `Some skeptics continued to raise their eyebrows, concerned by the circularity of these deals.
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41 Articles
41 Articles
InsideNoVA.com+11 Reposted by 11 other sources
Asian markets slip as traders eye tech rally, US rate outlook
Asian markets fell Tuesday as investors assessed the latest tech rally on Wall Street amid worries a bubble is forming in the sector, while mixed signals from Federal Reserve officials fed uncertainty over its next interest rate move.
The dwindling outlook for a fall in interest rates in the US is becoming a burden for the markets. In the DAX, the 24,000-point mark remains a heavy hurdle - initially it is expected to go down.
·Hamburg, Germany
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thepress.net+12 Reposted by 12 other sources
Asian markets swing as trades eye tech rally, US rate outlook
Asian markets fluctuated Tuesday as investors assessed the latest tech rally on Wall Street amid worries a bubble is forming in the sector, while mixed signals from Federal Reserve officials fed uncertainty over its next interest rate move.
Coverage Details
Total News Sources41
Leaning Left4Leaning Right7Center6Last UpdatedBias Distribution41% Right
Bias Distribution
- 41% of the sources lean Right
41% Right
L 24%
C 35%
R 41%
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