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Chip Selloff Deepens as AI Fears Hit Asian Stocks | Horizons Middle East & Africa 7/28/2026
Bloomberg Television· 2026-07-28 06:49
Semiconductor & Technology Industry - Global chip stocks declined as investors questioned the longevity of the artificial intelligence boom, and Asian equities fell 3% [1][2] - The South Korean Kospi index experienced high volatility and a trading halt, plunging 10.7% at one point during the session [2][7] - NVIDIA faced questions over $750 billion in AI-supplied deals and circular financing concerns involving partners like SoftBank and OpenAI [8][12][14] - ASML shares tumbled due to competition from a Chinese state-backed firm producing lithography machines that could threaten sales and valuations [6][10][11] Energy & Geopolitics - Brent crude oil prices extended a sharp retreat, dropping below the $90 per barrel mark to $87 following U.S.-Iran de-escalation talks [1][3][4] - Industry analysis indicates that worst-case scenarios for Brent crude could reach $150 per barrel if Middle East conflicts persist, compared to a bullish scenario of $75 per barrel [65][67] - Strategic Petroleum Reserve (SPR) levels in the U.S. reached their lowest point since 1983, with IAEA countries having already utilized 400 million barrels [68] Financial Markets & Macroeconomics - U.S. 10-year Treasury note yields dropped 2 basis points ahead of the upcoming FOMC meeting [4][5] - Fertilizer manufacturer adjusted earnings before interest and taxes (EBIT) reached $371 million, doubling year-over-year [54] - Democratic Republic of Congo Ebola outbreak case count approached 3,200 with the death toll rising to over 1,400 people [76][77]
X @CoinMarketCap
CoinMarketCap· 2026-07-28 05:54
LATEST: 🏦 Swiss crypto bank AMINA is working with Cantor to explore a public listing, with a reverse takeover of a digital asset treasury firm as its preferred route. https://t.co/0YRSt7m2wp ...
RIPPLE EMPLOYEE JUST SAID THE XRP TRUTH OUT LOUD (THIS IS INSANE!)
I have been talking about a few narratives in crypto for a bit of time now and yes, they do include stable coins, tokenization, things like that. And the thing that a lot of people are just not realizing with these types of narratives is the lack of, you know, support on the OG networks. And those networks that I'm talking about is Bitcoin and Ethereum. Like don't get me wrong, you could tokenize and make payments on these networks, but they are so inefficient when compared to like XRP for an example, which ...
X @Decrypt
Decrypt· 2026-07-27 20:44
Prediction Market Traders Brace for Surprise Fed Rate Hikehttps://t.co/0sIS9dtgEw ...
Market Close: Stocks Mixed, Strategic Oil Reserve at 1983 Low • Earnings Ahead • 7/27/26
CNBC Television· 2026-07-27 20:43
I'm Jessica Edinger, CNBC. Wall Street opens Tuesday morning after a mixed Monday for the major averages. The Dow was up 262 points, a half percent.It was led higher by shares of Salesforce, which finished Monday up 6%. 3M shares popped 3%. So did Sherwin Williams shares.The S&P 500 index added just one point on Monday. The NASDAQ was in the red, down 43. Chipmaker shares mostly in the red, although Qualcomm and Broadcom were higher.>> Tug of war within the market and the ribbon in in the middle of that rop ...
X @CoinMarketCap
CoinMarketCap· 2026-07-27 16:41
LATEST: 🏦 BNY Mellon’s Belgian subsidiary has joined ESMA’s MiCA register, as 15 additions bring the total to 309 authorized crypto service providers. https://t.co/mlbxV99VNW ...
X @CoinDesk
CoinDesk· 2026-07-27 16:00
SCOOP: Swiss crypto bank AMINA is working with Wall Street firm Cantor to explore options that might lead to a public listing.@willcanny99 reports. https://t.co/OjVtiBXFnW ...
X @Bloomberg
Bloomberg· 2026-07-27 14:12
RT Bloomberg Live (@BloombergLive)From capital markets to public policy, the future of Canadian finance is being written now.Be part of the conversation on September 29 at #BBGCanadianFinance, where leaders across banking, investing, business, and government will examine the trends shaping Canada's economy.Reserve your spot:https://t.co/kvpfunTq8F ...
X @Bloomberg
Bloomberg· 2026-07-27 12:00
India’s central bank sold dollars in the local currency market, propelling the rupee to its best gain in over a month https://t.co/T3JdwIJVZx ...
X @CoinDesk
CoinDesk· 2026-07-27 11:20
UPDATE: Russia's largest bank, Sberbank, plans to build crypto trading infrastructure by December 1 including a digital depository and active crypto wallet, following the State Duma's passage of a comprehensive crypto trading bill on July 21. https://t.co/ghfZKlLuT6 ...