AI Based Financial Magazine
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U.S. stock futures were little changed after Nvidia’s strong earnings fueled an AI-sector rally, with markets now focused on Fed Chair Kevin Warsh’s Jackson Hole speech.
Gold remained near a two-month high as expanded U.S. Treasury buybacks pushed long-term yields lower, reducing the opportunity cost of holding bullion.
Asian equities came under heavy pressure as the semiconductor selloff intensified, sending South Korea’s KOSPI down 5.5% while high Treasury yields weighed on technology stocks.
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