A sharp pullback in semiconductor stocks and climbing global bond yields signal growing market fatigue as investors weigh the rising capital costs of scaling artificial intelligence ambitions.

Hebe Chen, Senior Market Analyst at Vantage Markets, joins BFM’s Market Watch to evaluate the outlook for US equities ahead of the July FOMC minutes release, analysing how interest rate expectations and government deficits are impacting broader market liquidity.

She assesses China's emerging "two-speed economy", where resilient manufacturing contrast with sluggish consumer demand, and details why targeted policy support will likely take precedence over broad-based stimulus.

Hebe also examines the rebound in South Korean tech giants SK Hynix and Samsung, alongside the structural factors and central bank buying driving renewed interest in gold as an inflation hedge

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