• TRM (USD/COP)COP 3,235.59 +1.65% +COP 52.60Colombia's official exchange rate (Financial Superintendence), valid Nov 4 to Nov 4
  • EuroCOP 3,617.08 +1.72% +COP 61.02Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote
  • Mexican pesoCOP 173.98 +3.35% +COP 5.64Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote

Asian stocks extend losses after Nasdaq slump driven by tech shares

FinanceInternationalBloomberg Línea35 s readAI summary
Image: Bloomberg Línea

Asian stocks extended losses after Wall Street's decline, with MSCI's regional index falling 0.3% in its second straight day of losses. The Nasdaq 100 plunged 2.9% and the Philadelphia Semiconductor Index 6.7%. Doubts about the profitability of artificial intelligence investment weighed on tech companies, while Treasuries posted their biggest rally in more than two years and the yen strengthened to 156.60 per dollar.

In 35 seconds

  • MSCI's regional index fell 0.3%, its second consecutive day of declines; Nasdaq 100 futures were down another 0.3%.
  • The Nasdaq 100 plunged 2.9% and the Philadelphia Semiconductor Index 6.7%, their biggest drops since late June.
  • Investors sought refuge in Treasuries, with the 10-year yield down 17 basis points to 4.95%, and in the yen.
Read the full story at Bloomberg Línea

IASummary generated by artificial intelligence from a story by Bloomberg Línea. It may contain errors: the original source prevails.

Comments

Be respectful. Comments reported by several people are hidden until a moderator reviews them.

You do not need an account to read, only to comment. Sign in with a code sent to your email or with your Google account. We only show the name you choose, never your email.

    Keep reading