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Nasdaq futures slide as chip rout hits Micron and Kospi
The selloff centered on technology shares, with Micron down 9% and South Korea’s Kospi falling 10% as investors reassessed the AI trade
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- Markets SoftBank slides 6% as Asia tech sell-off deepens AI-linked shares came under pressure after a sharp Nasdaq drop, with Samsung, SK Hynix and other chip names leading losses across Asian markets
- Markets Asian stocks slide as tech sell-off and Middle East strikes unsettle markets South Korea’s Kospi triggered a trading halt after a sharp opening fall, while oil prices swung as Iran and Israel exchanged attacks
- Earnings preview Meta’s AI spending in focus as revenue growth is expected to accelerate Analysts expect Meta to post its fastest revenue growth since 2021, even as investors scrutinize data-center spending, layoffs and energy costs tied to the U.S.-Iran war