Latest / Newsquawk Rundown, Daily Podcast
US Market Open: US reportedly mulling the use of the "mother of all bombs" to target Iran; AI woes fuel another round of tech selling
The US military developed new strike plans that include potentially using the so-called “mother of all bombs” to target Iranian energy infrastructure and nuclear sites.
APAC stocks slumped amid the global tech sell-off; European tech slumps, whilst NQ -1% underperforms.
KOSPI was the worst performer and triggered circuit breakers after dropping as much as 8% owing to its large tech exposure.
DXY pressured on lower yields & AI concerns; AUD underperforms post-jobs data.
Crude pressured by global risk-off sentiment and potential supply relief; gold gains on haven demand.
Looking ahead…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.