Stock Selloff Deepens on Tech Earnings

Business and finance news from the Asia-Pacific. Technology shares led a global stock selloff as another round of disappointing earnings accelerated a rotation out of the artificial intelligence trade and drove investors toward haven assets. Treasuries rallied. Amazon.com Inc. slumped 7.3% in exte…

Samsung Chip Profit Misses Estimates, Fed Holds Rates Steady

Business and finance news from the Asia-Pacific. Technology shares fell, snapping this week's rally, after disappointing earnings from two industry heavyweights revived concerns about the billions of dollars companies are pouring into artificial intelligence. Samsung Electronics Co. shares dropped…

SK Hynix Profit Beat, One Earth Summit

Business and finance news from the Asia-Pacific. SK Hynix Inc. unveiled plans to return about $45 billion more to shareholders after profit surged a stronger-than-expected seven-fold, reflecting the resilience of an AI infrastructure rollout that's propelling memory chip demand. The world's second…

Anthropic's IPO Sets Up Defining Moment for Wall Street, AI Boom

Business and finance news from the Asia-Pacific. Anthropic PBC's initial public offering is laying bare the stark extremes of the multi-trillion-dollar AI boom business model: astonishing growth paired with uncertainty about demand and the spending required to continue developing the technology. T…

Markets Brace for Earnings, Central Bank Decisions

Business and finance news from the Asia-Pacific. Stocks struggled to recover from a volatile week as investors braced for more earnings from megacap tech companies that will offer clues on whether the recent pressure on the artificial intelligence trade will persist. Treasuries rose as crude oil f…

Tech Stock Selloff Deepens, AI Safety Discussion

Business and finance news from the Asia-Pacific. The global rout in technology stocks this week deepened as investors rotated out of the hottest trade of the year and sought safety in Treasuries and currencies such as the yen. Crude oil extended its gains. After a sharp drop in chip stocks on Wall…

Meta AI Bet, Tesla Cuts Spending, Barclays Asia Forum

Business and finance news from the Asia-Pacific. Meta Platforms Inc. Chief Executive Officer Mark Zuckerberg told investors that a pricey wager on artificial intelligence is delivering results, setting the stage for the company to bet even more aggressively on the market. During its quarterly earn…

Asia Equities Rebound on Strong Earnings, Elice Jumps

Business and finance news from the Asia-Pacific. Asian stocks rebounded after two days of losses and US equity-index futures advanced as strong earnings from some of the biggest beneficiaries of the artificial intelligence boom revived confidence in the tech trade. Crude oil climbed. The Kospi in …

Asian Stocks Decline in Break From US Chip Rally

Business and finance news from the Asia-Pacific. Asian stocks dropped, diverging from a chip-led rally on Wall Street, as sentiment toward the artificial intelligence trade remained jittery ahead of key earnings this week that will test the strength of gains in the technology sector. The MSCI Asia…

Earnings Put AI Trade to the Test, Bund Summit Begins

Business and finance news from the Asia-Pacific. US equity-index futures rebounded from last week's chip rout, offering some respite ahead of key earnings that may set the market's direction amid mounting pressure on the artificial intelligence trade. Oil slipped. Asian shares, reacted to that mov…