News

Stock markets were little changed Monday, holding near record highs amid thin summer volumes, as investors awaited inflation data this week for more clues to the interest-rate outlook for the US economy.The AI sector that has recently underpinned the US stock market is increasingly reliant on debt to fund its massive investments, and would be penalised by higher interest rates, she added.

Asian chip stocks rebounded, capping a roller coaster week amid geopolitical volatility, concerns over inflation and worries over a bubble in artificial-intelligence-related stocks.