Key facts
- US equity-index futures declined.
- Asian stocks fell as enthusiasm for the AI trade cooled.
- Nasdaq 100 Index futures dropped 1%.
- MSCI's Asian equities gauge fell 1.6%.
- South Korea's Kospi index slid 5.3%.
- Chipmaker SK Hynix Inc. tumbled 8.9%.
US equity-index futures declined along with Asian stocks as enthusiasm for the artificial-intelligence trade cooled after driving markets to record highs this year. Futures contracts for the Nasdaq 100 Index dropped 1%, indicating a third day of losses for the gauge as investors rotated out of tech stocks. MSCI's Asian equities gauge fell 1.6%. South Korea's Kospi, which has been a bellwether for AI investments, slid 5.3%, with chipmaker SK Hynix Inc. tumbling 8.9%. The Opening Trade is a program hosted by Anna Edwards, Guy Johnson, and Tom Mackenzie that provides market analysis.