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via finance.yahoo.comMarkets

Asian stocks start week on back foot, tracking tech-led Wall St losses

FROM THE WIRE · FINANCE.YAHOO.COM

The losses in Asia tracked a tech-led selloff in New York on Friday (LEE HOON-KOO) Asian stocks mostly fell Monday as traders tracked a tech-heavy selloff on Wall Street that was fuelled by growing worries over the AI investment boom. Chipmakers and other firms linked to…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishThe tech-led selloff on Wall Street and worries over the AI investment boom weigh on chipmakers and AI-linked stocks.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Asian stocks mostly fell Monday as traders tracked a tech-heavy selloff on Wall Street.
  2. 02Chipmakers and AI-linked firms are under pressure over inflation and cost concerns.
  3. 03CoreWeave's stock has tanked around 30 percent this month as yields on some of its bonds soared.
  4. 04Investors remain on edge ahead of earnings from Tesla and Meta this week.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
NVIDIA CorporationNVDAStock214.13 USDMarket closedtoday -1.43%Negative Advanced Micro Devices, Inc.AMDStock528.75 USDMarket closedtoday -5.95%Negative Meta Platforms, Inc.METAStock709.33 USDMarket closedtoday -3.72%Negative Tesla, Inc.TSLAStock354.72 USDMarket closedtoday -2.13%Negative CoreWeave, Inc. Class A Common StockCRWVStock61.39 USDMarket closedtoday -11.91%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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