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Nasdaq 100 futures still in a hole this morning
The launch of SK Hynix on the US market last week was not well greeted in Seoul today. The shares plunged more than 30%. That caused other AI and chip stocks to slide and forced a circuit-breaker halt to trading on the KOSPI. That is not the first time that has happened in recent days and the volatility we are seeing in those markets is having a wider impact, not just in Asia but in US tech stocks too.
That surely explains why the Nasdaq 100 futures are still markedly in the red this morning, where the Dow Jones has now bounced. The Nasdaq 100 did make progress on Friday, rising 98 points and closing 0.33% higher, at 29,825. However, earlier today the index futures were pricing the opening for this afternoon as low as 29,335. Granted the futures are off the lows right now, but still set for a lower opening later today, currently around 29,445
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Nasdaq 100 futures still in a hole this morning
The launch of SK Hynix on the US market last week was not well greeted in Seoul today. The shares plunged more than 30%. That caused other AI and chip...