ðŸ‡ðŸ‡° English, 13 October 2026, AI stocks
Nasdaq falls 0.5% as investors fret about AI stocks amid higher competition between US and China
The tech-heavy index was dragged down by chipmakers, with investors concerned about the durability of the rally in AI stocks.
Overnight, the tech-heavy Nasdaq fell 0.5 percent, dragged by chipmakers as investors fret about the durability of the rally in AI stocks amid higher competition between the United States and China.
The cautious sentiment helped keep the US dollar near an 18-month high.
The euro last bought US$1.1157 while the yen was at 158.50 per US dollar.