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BIZARRE: 14 - You Need To See This

South Korea's KOSPI dives nearly 9% as Fed fears hammer tech stocks

South Korea's KOSPI index plummeted nearly 9% on Monday, triggering circuit breakers, as strong U.S. jobs data fueled expectations of Federal Reserve rate hikes. Tech giants Samsung Electronics and SK Hynix saw significant drops, impacting the AI-driven rally. Despite the sharp decline, the KOSPI remains up substantially year-to-date.

The Economic Times

Asian shares drop after plunge in Big Tech stocks gives Wall St its worst day in months

Asian shares have skidded after worries about Big Tech investments and rising odds for an interest rate hike gave U.S. stocks their worst day since October

The Independent UK

Gold extends losses on US interest rate-hike fears

Gold prices dipped on Monday, extending previous losses amid U.S. interest rate hike fears. Meanwhile, escalating tensions in the Gulf sent oil prices soaring, fueling inflation concerns. China's central bank continued to increase its gold reserves. Gold demand in India remained subdued due to price volatility. Silver and platinum prices…

The Economic Times

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Dollar climbs to two-month peak as Fed hike bets ramp up

The dollar surged to a two-month high following a robust U.S. jobs report, intensifying expectations for a Federal Reserve rate hike this year. The yen, meanwhile, weakened significantly, nearing intervention levels as the Bank of Japan lags behind other central banks in policy normalization.

The Economic Times

Global Markets Watch: Tumbling tech darlings slam brakes on AI rally

Asian stocks experienced a significant plunge as investors exited AI-linked shares amid concerns of an overheated market. Disappointing outlooks from chipmakers and a strong U.S. jobs report, suggesting potential rate hikes, fueled the selloff. Fresh hostilities in Iran also pushed oil prices higher, adding to market fragility.

The Economic Times

Markets face triple threat of Iran war reigniting, AI bubble popping, and Fed rates rising while epic SpaceX IPO could fuel even more chaos

Tensions in the Gulf had already been escalating as the U.S. and Iran increasingly exchange fire, with both sides trying to establish their own shipping lanes in the Strait of Hormuz.

Fortune

Wall Street ends sharply lower as chips stocks slide

US stocks have closed lower as investors digested data showing unexpectedly robust jobs figures.

AAP

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Trump stunned as stocks fall on great jobs report. Barclays explains why ‘we are entering the warning zone'

“With a great Jobs Report, like just announced, stocks should go up, not down,” Trump posted. “That’s the way it was for 200 years. Growth does not mean inflation!”

Fortune

Jerome Powell warns that the Fed's credibility is at risk

In his first public remarks since stepping down as Fed chair, Powell says the central bank is undergoing a "stress test."

Axios

Stocks drive record share of American wealth

An AI-driven rally is enriching Americans more than usual and exposing them to potentially painful losses from a reversal.

Axios

Rock-bottom immigration rates leave mark on U.S. economy

President Trump's policy-driven immigration reversal underway has few modern parallels.

Axios

Fed officials warn AI's economic costs may arrive faster than benefits

Some Fed officials see clearer evidence of AI-related investment boosting demand for labor, equipment and infrastructure than they do of widespread productivity gains.

Axios

There are early signs of renewed labor market strength during Iran war

If energy disruptions pose less of a risk to jobs, the challenge for central banks shifts from managing stagflation risks to guarding against renewed price pressures.

Axios

Bitcoin Price today: BTC trades over $61,000-mark after Cryptocurrency fell to historic low. Are gold, AI stocks to be blamed for world's largest crypto crash?

Bitcoin BTC Price: Cryptocurrency saw its peak after becoming market favourite since the re-election of US President Donald Trump.

The Economic Times

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International Business Times

Chances Of Fed Rate Hike Increase After Blockbuster Jobs Report

May's positive jobs report could increase the chances of an interest rate hike this year.

The Economic Times

Dollar firms after strong US jobs data, pushes yen through 160 level

The dollar strengthened significantly, poised for over a 1% weekly gain following robust U.S. employment figures. Nonfarm payrolls exceeded expectations, boosting the dollar against the yen, which faces pressure near the 160 barrier. Geopolitical tensions and safe-haven demand further supported the dollar's rise.

The Economic Times

US stock market crash explained: Why did Nasdaq plunge 4% to log worst day in over a year

Wall Street experienced a sharp decline on Friday, led by the Nasdaq's significant fall, as a robust US jobs report fueled concerns about sustained high interest rates from the Federal Reserve. The strong employment figures intensified inflation worries, making rate cuts less likely and potentially increasing the chance of a…

The Economic Times

Gold falls about 3% as robust US jobs data cements bets on higher rates

Gold prices experienced a significant drop of approximately 3% on Friday, influenced by a stronger-than-expected U.S. jobs report. This data reinforced expectations that the Federal Reserve will maintain higher interest rates for an extended period due to ongoing inflation concerns.

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Fortune

Tech stocks lead market bloodbath as fears of Fed rate hikes add to worries about the AI-fueled chip boom petering out

"The lack of a reacceleration of wage growth in recent months points to a labor market that is stable, but not hot."

International Business Times UK

Trump Fumes at Nasdaq Plunge, Says 'Stocks Should Go Up, Not Down' After Bumper Jobs Report

President Trump criticised Wall Street's sell-off following a strong jobs report, highlighting tensions between economic growth and inflation concerns, as investors anticipate potential interest rate hikes.

Barchart

Stocks Settle Sharply Lower as Tech Companies Routed

The S&P 500 Index ($SPX ) (SPY ) on Friday closed down -2.64%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -1.35%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -4.77%. June E-mini S&P futures (ESM26 ) fell -2.97%, and June E-mini Nasdaq futures...

Kiplinger

Nasdaq Falls 1,121 Points on Fear of an AI Bubble: Stock Market Today

The tech-heavy index was weighed down by significant selling pressure in the wake of AI chipmaker Broadcom's disappointing guidance.

The Economic Times

US stocks today: Nasdaq crashes 1,100 pts, Dow 600 pts as chip stocks slide; jobs data fuels rate hike fears

Wall Street tumbled as a strong U.S. jobs report dimmed hopes of rate cuts, triggering a sharp selloff in overheated tech and chip stocks. The Nasdaq plunged over 4%, ending a nine-week rally, while persistent Middle East tensions and rising yields further pressured investor sentiment.

Barchart

Dollar Soars on Fed Rate Hike Expectations

The dollar index (DXY00 ) on Friday rallied to a 1.75-month high and finished up by +0.66%. The dollar recovered from early losses on Friday and surged on the stronger-than-expected US May payroll report, bolstering speculation that the next Fed move will be an interest rate increase. Also, Friday's stock...

The Independent UK

Trump’s economic chief says inflation is falling. Data says otherwise

In April, inflation reached its highest level in three years

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