Asian Stocks Recover After AI Selloff, Oil Slips
About this episode
The episode discusses the recovery of Asian stocks following a selloff in AI shares and the stabilization of oil prices amid easing tensions in the Middle East.
Business and finance news from the Asia-Pacific. Oil steadied after Israel and Iran agreed to end attacks against each other following an escalation of violence that threatened to derail efforts to end the war in the Middle East. We spoke to Stephen Stapczynski, Bloomberg's Asia Energy Team Leader. Plus - Asian stocks rebounded from their biggest drop since March as tensions in the Middle East eased and a selloff in artificial intelligence shares abated. South Korean shares climbed 3% after investors returned to the AI trade, which sent Wall Street gauges shares of chipmakers including Nvidia Corp. and Intel Corp. higher. Bloomberg TV hosts Haidi Stroud-Watts and Shery Ahn spoke to Marc Franklin, Head of Multi-Asset Solutions at Manulife Investment Management. See omnystudio.com/listener for privacy information.
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