Reported about 8 hours ago
Asian markets are experiencing a significant downturn as the U.S. intensifies its technology war with China, focusing on sectors like AI and semiconductors. Hong Kong's Hang Seng index fell sharply, heavily influenced by Alibaba's steep decline. Investors are also questioning large spending on AI amid weaker U.S. economic indicators, which have led to speculation about potential Federal Reserve interest rate cuts. Gold prices are soaring, nearing $3,000 an ounce, amidst these tensions.
Source: YAHOO