Investors’ focus remains firmly on AI, and whether the dizzying trade that has powered stocks this year to has more room to run.
At the end of last week, they seemed to be leaning toward a yes: SK Hynix’s U.S.-listed shares jumped 13% on their first trading day.
Today, the mood is decidedly more pessimistic: U.S. stock futures are negative, with contracts tied to the Nasdaq-100 more than 1%. Over in South Korea, SK Hynix’s shares slumped 15%.
Meanwhile, with fighting between the U.S. and Iran intensifying over the weekend, Brent crude prices are approaching $79 a barrel.
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