Asian Markets Plunge, AI Stocks Drag Down US Markets
Update: 2025-12-18
Description
Asian markets plummeted today, mirroring U.S. AI stocks poor performance, leading to the worst market day in nearly a month. Traders are on edge for U.S. inflation data and Japans central banks interest rate decision, expected tomorrow. The Bank of Japan is likely to raise rates despite economic contraction, aiming to curb inflation. Tokyos Nikkei index fell by 1.2%, with tech companies leading losses. Major chip makers and Honda Motor also saw significant drops due to chip shortages. U.S. inflation report later today is predicted to show continued rapid price increases. U.S. stocks, including S&P 500, Dow, and Nasdaq, all declined due to AI struggles. However, oil companies gained following Trumps blockade order on Venezuelan oil tankers, causing U.S. crude oil prices to surge.
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