South Korea’s KOSPI Triggers Trading Curb as AI Chip Stock Selloff Deepens 
South Korea’s KOSPI Enters Bear Market Despite Remaining 2026’s Best-Performing Major Stock Index 
Gold Price Holds Near $4,000 as Middle East Tensions and Fed Rate Hike Bets Grow 
US Inflation Expected to Ease in June, but Fed Rate Hike Risks Persist Amid Middle East Tensions 
South Korea Central Bank Set to Raise Interest Rates as Inflation Stays Elevated 
Dollar Holds Steady Ahead of U.S. CPI as Oil Surge, Middle East Tensions Keep Markets on Edge 
Asian Currencies Weaken as Stronger Dollar Weighs, Yen Supported by GPIF Repatriation Hopes 
China Trade Surplus Hits $125.6 Billion as June Exports, Imports Smash Forecasts 
China Q2 2026 GDP Misses Forecast as Weak Domestic Demand Offsets Export Strength 
Singapore GDP Grows 5.7% in Q2 2026 as AI-Driven Manufacturing Boosts Economy 
Asian Stocks Rise as Softer U.S. Inflation Boosts Sentiment Despite Middle East Tensions 
Japanese Yen Holds Steady as Intervention Hopes Grow Ahead of U.S. CPI Data 
Goldman Sees Foreign Investors Driving India Stock Market Recovery 
China Home Prices Fall Again in June Despite Slower Pace of Decline 
Asia Stocks Slip as Iran-Hormuz Tensions Lift Oil Prices, Dollar and Bond Yields 
Dollar Eases as Middle East Conflict, Fed Outlook and Japan Pension Policy Drive FX Markets 
U.S. stock index futures moved lower Wednesday night as investors assessed whether Nvidia’s strong quarterly earnings were enough to justify its massive valuation and continue fueling the artificial intelligence stock rally in 2026.
S&P 500 Futures dropped 0.4% to 7,422 points, while Nasdaq 100 Futures declined 0.7% to 29,200.75. Dow Jones Futures also slipped 0.3% to 49,971 points during late evening trading.
Despite reporting better-than-expected earnings, Nvidia (NASDAQ: NVDA) shares fell 1.3% in after-hours trading. The AI chip giant projected solid second-quarter revenue growth and announced an $80 billion stock buyback program, but investors appeared cautious after months of aggressive gains tied to booming artificial intelligence demand.
Market expectations for Nvidia had been extremely high ahead of the report. According to Reuters, options traders anticipated a potential 6.5% move in Nvidia stock following earnings, representing nearly $350 billion in market value fluctuation.
The broader market had rallied earlier in the day, with the Nasdaq Composite gaining 1.6%, the S&P 500 rising 1.1%, and the Dow Jones Industrial Average advancing 1.3%. Investor sentiment improved as Treasury yields eased and oil prices retreated amid hopes for progress in U.S.-Iran negotiations.
The benchmark 10-year Treasury yield fell below 4.6%, helping support growth stocks and technology shares. Lower crude oil prices also eased concerns about inflation and global economic pressures.
Meanwhile, financial software company Intuit (NASDAQ: INTU) plunged more than 13% in extended trading after disappointing quarterly revenue results. The company also announced plans to reduce approximately 17% of its workforce as part of a restructuring initiative focused on artificial intelligence integration.
Investors are now closely watching Walmart’s upcoming earnings report for insights into U.S. consumer spending trends and the potential impact of tariffs on retail costs. Market attention also remains focused on geopolitical developments involving the United States and Iran, as President Donald Trump stated negotiations were entering their final stages while warning tensions could escalate if talks collapse.
