Asian Stocks Slide as Nikkei Leads Losses on Tech Selloff and Rising U.S.-Iran Tensions 
ECB's Kocher Says No Inflation Spillover Yet From Iran Conflict, Warns Risks Remain 
UBS Boosts China Tech Bets, Adds Kuaishou and Meituan to Focus List 
South Korea’s KOSPI Enters Bear Market Despite Remaining 2026’s Best-Performing Major Stock Index 
Oil Prices Climb as Trump Escalates Iran Pressure, Strait of Hormuz Risks Grow 
US Inflation Expected to Ease in June, but Fed Rate Hike Risks Persist Amid Middle East Tensions 
Brazil Weighs IP Curbs, Patent Suspensions After New U.S. Tariffs 
Oil Prices Set for Weekly Surge as U.S.-Iran Conflict Fuels Supply Fears 
Gold Price Holds Near Record High as Cooling U.S. Inflation Offsets Fed Caution 
US Stock Futures Hold Steady as Soft Inflation Data Eases Fed Rate Hike Fears 
Asian Currencies Stay Rangebound as Middle East Tensions, Weak China GDP Weigh on Sentiment 
China Home Prices Fall Again in June Despite Slower Pace of Decline 
Malaysia Q2 Economy Grows 5.8%, Beating Forecasts on Strong Tech Exports and Domestic Demand 
IEA Warns China Rare Earth Export Curbs Could Threaten $6.5 Trillion in Global Production 
AI Chip Stocks Face Valuation Pressure as Investors Shift Toward Big Tech and Software 
U.S. Imposes 25% Tariff on Select Brazilian Imports After Section 301 Trade Investigation 
Asian Stocks Slide as Chip Selloff Deepens Ahead of TSMC Earnings 
Stock index futures remained mostly flat Thursday evening, stabilizing after a mixed Wall Street session. Investors digested lukewarm economic data and growing expectations for Federal Reserve interest rate cuts in 2025. Optimism over recent U.S.-China trade de-escalation also supported market sentiment, along with speculation on further trade deals under Donald Trump’s administration.
The S&P 500 futures hovered at 5,935.25, Nasdaq 100 futures stayed at 21,414.50, and Dow Jones futures edged up 0.1% to 42,420. Markets were seen pricing in at least two Fed rate cuts this year, spurred by softer-than-expected producer inflation and retail sales data. However, the Fed has yet to signal a timeline for policy easing.
On Thursday, Wall Street posted a mixed close. The S&P 500 gained 0.4% to 5,916.93, and the Dow Jones rose 0.7% to 42,322.75, while the Nasdaq Composite slipped 0.2% to 19,112.32. The pullback in tech stocks came after a strong rally earlier in the week, although gains in cyclical sectors helped offset declines.
After-hours movers included Vistra Energy (NYSE:VST), which surged nearly 4% after announcing a $1.9 billion acquisition of natural gas assets, aimed at powering AI-focused data centers. Take-Two Interactive (NASDAQ:TTWO) dropped 2.5% after cutting its bookings forecast due to a delay in Grand Theft Auto VI. Applied Materials (NASDAQ:AMAT) slid 5.4% as weaker revenue and soft guidance overshadowed its earnings beat.
Despite tech volatility, chipmaker earnings continued to boost investor confidence in AI-driven demand, suggesting further strength in the semiconductor sector in coming quarters.
