Sunset scene of light trails traffic speeds through an intersection in Gangnam center business district of Seoul at Seoul city, South Korea
Mongkol Chuewong | Moment | Getty Images
The Japanese yen strengthened marginally to 158.34 against the dollar. Markets are watching for possible intervention by Japanese authorities after the currency slid to an 18-month low earlier this week.
Overnight in the U.S., stocks fell for a second session, pulling back further from record levels, as traders digested a fresh batch of earnings and monitored geopolitical developments.
TheS&P 500dropped 0.53% and closed at 6,926.60. TheDow Jones Industrial Averagelost 42.36 points, or 0.09%, and ended at 49,149.63. TheNasdaq Compositeshed 1%, settling at 23,471.75. It was the second consecutive day of losses for all three indexes.
Tech bogged down the broader market. Chip stocks in particular suffered losses, asBroadcomfell 4% andNvidiaandMicron Technologyslid more than 1% each. On Wednesday, Reuters, citing people briefed on the matter, reported that Chinese customs authoritieshave advised customs agentsthat Nvidia’s H200 chips are not permitted to enter the country.
— CNBC’s Sean Conlon and Pia Singh contributed to this report.
About The Author
