Gold Prices Slip as Oil Rally Fuels Inflation Fears, Strengthens Dollar 
Brazil Weighs IP Curbs, Patent Suspensions After New U.S. Tariffs 
South Korea’s KOSPI Enters Bear Market Despite Remaining 2026’s Best-Performing Major Stock Index 
Asian Stocks Rise as Softer U.S. Inflation Boosts Sentiment Despite Middle East Tensions 
Asian Currencies Stay Rangebound as Middle East Tensions, Weak China GDP Weigh on Sentiment 
Oil Prices Climb as Trump Escalates Iran Pressure, Strait of Hormuz Risks Grow 
IEA Warns China Rare Earth Export Curbs Could Threaten $6.5 Trillion in Global Production 
Asian Stocks Rally as Cooling U.S. Inflation Boosts Fed Rate Cut Hopes 
Malaysia Q2 Economy Grows 5.8%, Beating Forecasts on Strong Tech Exports and Domestic Demand 
Oil Prices Rise as U.S. Strikes on Iran Raise Strait of Hormuz Supply Fears 
Oil Prices Set for Weekly Surge as U.S.-Iran Conflict Fuels Supply Fears 
Nikkei Plunges 5% as AI Stock Selloff Spreads Across Asia 
China Q2 2026 GDP Misses Forecast as Weak Domestic Demand Offsets Export Strength 
China Home Prices Fall Again in June Despite Slower Pace of Decline 
U.S. Imposes 25% Tariff on Select Brazilian Imports After Section 301 Trade Investigation 
South Korea Raises Interest Rates to 2.75% as Inflation and Weak Won Drive Tightening 
AI Chip Stocks Face Valuation Pressure as Investors Shift Toward Big Tech and Software 
U.S. stock index futures dropped Tuesday evening, led by steep losses in the tech sector after Nvidia warned of a major earnings impact from new U.S. export restrictions to China. S&P 500 Futures fell 0.8% to 5,384.00, Nasdaq 100 Futures declined 1.3% to 18,718.75, and Dow Jones Futures dropped 0.4% to 40,414.00.
Nvidia (NASDAQ:NVDA) tumbled 6% in after-hours trading after revealing it would take a $5.5 billion charge due to tighter U.S. government curbs. The company now needs a license to export its popular H20 AI chips to China, triggering a broad sell-off in semiconductor and AI stocks. AMD (NASDAQ:AMD) plunged nearly 7%, while Intel (NASDAQ:INTC) and Broadcom (NASDAQ:AVGO) lost 1.9% and 3.4%, respectively. TSMC (NYSE:TSM), a key Nvidia supplier, dropped 2%.
The broader tech sector also took a hit, with Apple (NASDAQ:AAPL) and Tesla (NASDAQ:TSLA) shedding over 1% each. Investors remain cautious over potential supply chain disruptions from escalating U.S.-China trade tensions, which are seen as a threat to global tech firms.
Wall Street ended Tuesday slightly lower as uncertainty surrounding former President Donald Trump's tariff plans, especially on electronics and pharmaceuticals, kept markets jittery. The S&P 500 closed down 0.2% at 5,396.60, the Nasdaq dipped to 16,823.17, and the Dow fell 0.4% to 40,368.96.
Investors are now eyeing upcoming earnings from ASML (AS:ASML), Abbott Laboratories (NYSE:ABT), and Progressive Corp (NYSE:PGR), as well as key U.S. economic data, including retail sales and industrial production. Federal Reserve Chair Jerome Powell is also scheduled to speak, potentially offering further clues on monetary policy.
