Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal 
U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock 
U.S. Stock Futures Edge Higher as Tech Rout Deepens on AI Concerns and Earnings 
Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off 
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks 
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
Thailand Inflation Remains Negative for 10th Straight Month in January 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
Gold and Silver Prices Slide as Dollar Strength and Easing Tensions Weigh on Metals 
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility 
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility 
The Nasdaq closed slightly lower on Friday, capping its steepest weekly decline since early April as investors reassessed the rapid gains in artificial intelligence (AI) and technology shares. The index dropped about 3% for the week, while chip and tech-related stocks were the biggest losers. Despite this setback, the Nasdaq remains up more than 50% since April, driven by optimism around AI following President Donald Trump’s sweeping tariff announcements.
Market sentiment cooled after The Financial Times reported Nvidia CEO Jensen Huang’s warning that China may surpass the U.S. in the AI race. “We’re seeing this AI selloff continue after those comments,” said Michael O’Rourke, chief market strategist at JonesTrading. “It’s a recalibration of valuations, along with some profit-taking after a strong rally this year.”
All three major U.S. stock indexes opened sharply lower but pared losses later in the day. The Dow Jones Industrial Average rose 74.80 points, or 0.16%, to 46,987.10; the S&P 500 gained 8.49 points, or 0.13%, to 6,728.81; while the Nasdaq Composite slipped 49.45 points, or 0.21%, to 23,004.54. Global markets also softened, with MSCI’s world stock index down 0.07% and Europe’s STOXX 600 off 0.55%.
Meanwhile, weaker China trade data highlighted the impact of U.S. tariffs. China’s exports fell 1.1% in October, their worst drop since February. U.S. Treasury yields edged down as consumer sentiment hit its lowest level since mid-2022 amid the ongoing government shutdown. The 10-year Treasury yield slipped to 4.091%.
The U.S. dollar weakened slightly, with the dollar index down 0.11% to 99.57, while oil and gold prices edged higher. U.S. crude settled at $59.75 per barrel, and Brent rose to $63.63, supported by hopes of energy cooperation between the U.S. and Hungary.
