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Asian shares are mostly lower following Wall Street's pause from its feverish rally
NvidiaNvidia(US:NVDA) ABC Newsยท2025-10-10 05:57

Market Overview - Asian shares mostly fell, influenced by a pause in Wall Street's recent rally, with the price of gold also retreating from record highs [1][2] - U.S. futures and oil prices were higher, but nearly all Asian indexes declined, except for South Korea's Kospi, which rose 1.3% to 3,596.36 after a holiday [2] Company Performance - South Korea's tech shares, including SK Hynix and Samsung Electronics, saw significant gains, with SK Hynix up nearly 7% and Samsung rising 5.4% following Nvidia-backed Reflection AI's $2 billion funding [2] - Dell Technologies experienced a 5.2% drop, the largest loss in the S&P 500, despite a nearly 11% increase for the week due to AI growth discussions [7] - Delta Air Lines reported stronger-than-expected summer profits and forecasted a profit range for the final quarter that exceeded analysts' estimates, contributing to a 4.3% stock increase [8] Economic Indicators - The S&P 500 slipped 0.3% to 6,735.11, marking its second loss in ten days, while the Dow Jones and Nasdaq also experienced declines [4] - Concerns are rising about the sustainability of stock prices, particularly in the AI sector, following a 35% increase in the S&P 500 since April [6] - The U.S. government shutdown has delayed key economic reports, increasing the importance of corporate earnings as indicators of economic strength [9]