OpenAI IPO Delay Fears Sink Nasdaq 4.6% as Chip Stocks Crash

On today's episode of Market Brief – After Hours, a New York Times report on a possible OpenAI IPO delay sends the Nasdaq to a fifth straight losing session and triggers a brutal selloff in chip stocks from Silicon Valley to Seoul. We track the damage across SoftBank, the Nikkei and South Korea's KOSPI, then pivot to a wild day for oil after US airstrikes near the Strait of Hormuz and a surprising rate-hike signal from the Fed's Neel Kashkari. We also cover the latest moves in EUR/USD, GBP/USD and USD/CAD, plus a sharp rebound in gold and silver. Tune in for the full breakdown of stocks, bonds, currencies and commodities heading into next week. Hosted on Acast. See acast.com/privacy for more information.