Asian markets decline after stronger-than-expected US inflation data weakens Wall Street, with South Korean stocks leading losses.
Asian markets declined after stronger-than-expected US inflation data weakened Wall Street, with rising oil prices linked to the Iran conflict highlighted as an economic impact. South Korean stocks led losses, and semiconductor shares continued to retreat.
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Indonesia's equity benchmark falls to a one-year low, reaching 6,741.60 points.
The Indonesian equity benchmark has fallen to its lowest level in a year, reaching 6,741.60 points.
China's SSE STAR Chip Index poised for 3% decline at market open. The semiconductor-focused index is expected to see a significant drop.
China's semiconductor-focused SSE STAR Chip Index is poised to open with an anticipated 3% decline.
China's central bank fixes the yuan at 6.8431 per dollar, a weaker rate compared to its prior close of 6.7955.
China's central bank fixed the yuan at 6.8431 per dollar, a weaker rate compared with its prior close of 6.7955.
Chinese investors are demanding proof that billions in AI spending by tech giants are paying off as the earnings season approaches.
Chinese investors are seeking evidence that significant AI investments by technology companies are yielding returns as the earnings season approaches.
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