S&P futures are pointing to a lower open today, down (0.37%). Asian equities closed broadly lower today, with Nikkei down (4.24%). European markets are also weaker in early trades. In today's highlight, Asia's semiconductor sector tumbled today following Nasdaq's sharp declines on Tuesday. Major semiconductor companies in Japan, Taiwan, and Korea faced their worst single-day fall since the Aug-5 meltdown. The sell-off is attributed to high valuations and concerns regarding AI capital expenditure and return on investment. Media reports indicate that NVIDIA (NASDAQ:NVDA) and several other companies have received subpoenas from the DOJ concerning potential antitrust violations.
Companies Mentioned: NVIDIA, Apple (NASDAQ:AAPL), Fuji Soft