Tech and oil accelerate the rotation toward defensive assets
US futures trade lower, erasing the previous session's gains, in a day marked by selling in AI and semiconductor stocks across Asia-Pacific, with the Hang Seng and KOSPI leading declines. The yen strengthened on safe-haven demand and the dollar eased. Crude rose on attacks on vessels in the Persian Gulf and a larger-than-expected inventory draw, while gold and silver remained under pressure.
In 35 seconds
- US futures fall and erase the previous session's gains, despite the earlier boost from NVIDIA's GTC conference.
- Asia-Pacific markets extended losses on selling in AI and semiconductor stocks; the Hang Seng and KOSPI led the declines.
- The Bank of Korea kept its benchmark rate unchanged, in line with expectations.
IASummary generated by artificial intelligence from a story by XTB.com. It may contain errors: the original source prevails.




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