AI Boosts Asia, Oil Pressures U.S. Markets | Texas News

Asian markets mixed as Japan’s Nikkei fell 1.6%, Australia’s ASX edged up 0.2%, and South Korea’s Kospi reversed gains to drop 0.6%; Hong Kong and Shanghai also declined. Meanwhile, Wall Street retreated from record highs, with the S&P 500 down 0.5% and the Dow falling 272 points. Rising oil prices fueled higher Treasury yields to 4.72%, sparking concerns over inflation and potential Fed rate hikes that could slow the economy. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/f926b49b55f08124