|
Key developments to markets on Tuesday: |
|
| Index | Last | Change | % Change |
|---|---|---|---|
|
trading higher
|
44,713.58 | +289.33 | 0.65%Positive |
|
trading lower
Nasdaq Composite Index
.IXIC |
19,341.83 | -612.47 | 3.07%Negative |
|
trading lower
S&P 500 Index
.SPX |
6,012.28 | -88.96 | 1.46%Negative |
| Index | Last | Change | % Change |
|---|---|---|---|
|
trading lower
Nikkei Index
.N225 |
39,340.15 | -225.65 | 0.57%Negative |
|
trading higher
Hang Seng Index
.HSI |
20,233.88 | +36.11 | 0.18%Positive |
|
trading lower
S&P BSE SENSEX Index
.BSESN |
75,366.17 | -824.29 | 1.08%Negative |
Fixed Income
U.S. 10-year Treasury yields fell 9.5 bps, last steady at 4.55% in Asia.
Both US Fed and ECB meet to set interest rates later in the week.
Equities
U.S. stock futures steadied, tech stocks in Asia slid on Tuesday as apparent advances by DeepSeek, a Chinese AI startup cast doubt on U.S. dominance.
NVDA dived 17%, wiping off nearly $593 billion in the biggest market capitalisation loss in history.
NVDA’s supplier Advantest down 10% on Tuesday, taking losses for the week so far to nearly 19%.
Further sharp falls for AI-backer SoftBank Group down 5.5%, and data-centre cable maker Furukawa Electric down 8%. Both had already fallen heavily on Monday, with SoftBank now 13% lower after two days and Furukawa down 20%. (GOOGL.O), fell 4.2% (MSFT.O), fell 2.1%, with both steadying in after-hours trade.
Forex
USD fell nearly 1% against JPY overnight and 0.4% against CHF, steadied back up in Asia trade.
Commodities
Gold declined more than 1% as investors liquidated bullion.
Oil dropped 2% on worries about energy demand.
For more news visit Reuters.com
