Japanese and South Korean stocks slid, led by semiconductor shares, as concerns over Nvidia Corp.’s blockbuster AI supply deal and intensifying competition from Chinese chipmakers weighed on investor sentiment.

A selloff in global semiconductor stocks deepened on Tuesday, as investor sentiment continued to worsen over the sustainability of the artificial intelligence boom.

A Chinese province better known globally for its stunning mountain landscapes than its technology investments has this week joined the ranks of the biggest winners from the artificial intelligence boom.

A $570 billion rout in just a little over a month has flipped SK Hynix Inc. from one of the world’s hottest AI trades to one of the biggest portfolio question marks.

Gold held a modest gain after President Donald Trump said the US and Iran were in talks to end the war that’s stoked inflationary concerns and raised the likelihood of higher interest rates.

A selloff in chipmakers deepened as mounting doubts over returns from billions of dollars of artificial-intelligence spending rippled through semiconductor stocks from Wall Street to Asia. Bonds extended gains as oil retreated.

Oil extended a steep drop after President Donald Trump said the US and Iran were engaged in talks to end the Middle East conflict.

BlackRock Inc. wrapped up a $12.5 billion bond sale tied to a Meta Platforms Inc. data center project in Texas after a nearly week-long marketing process and a selloff in big tech debt.

Curium is in advanced talks to acquire radiopharma company Lantheus Holdings Inc. in a deal that could be announced in the coming days, according to people familiar with the matter.

CME Group Inc. said the debut weekend of 24/7 trading for its one-ounce gold futures saw stronger-than-expected demand with deep liquidity despite subdued volatility.

BlackRock Inc.’s $12.55 billion bond sale tied to a Meta Platforms Inc. data center rallied in early trading on Monday in a sign that relatively high yields on the debt ultimately attracted investors.

SK Hynix Inc.’s American depositary receipts slumped to a new low after a record-setting $26.5 billion debut earlier this month as investors dump once-high flying semiconductor stocks.

Japanese government bonds offer investors one of the best opportunities in global fixed income despite being viewed as high risk, according to an Azimut Group fund manager.

Oil markets could tilt back into oversupply before the end of the year as Washington faces mounting pressure to end the Iran conflict with fewer than 100 days until the midterm elections, analysts from Macquarie Ltd said.

JPMorgan Chase & Co.’s analysts said an in-house indicator is “now flashing a buy-signal” — something that has typically indicated the S&P 500 Index is poised to gain.

Carlyle Group Inc.’s asset-backed finance chief said traditional fixed income is losing its reliability as a portfolio shock absorber because those investments are becoming increasingly correlated with stocks.

US Treasuries rose as the US paused strikes on Iran and oil prices fell, with an auction of the shortest-dated notes attracting buyers ahead of this week’s Federal Reserve meeting.

The S&P 500 Index finished flat on Monday, erasing an early morning rally as chipmakers weakened, pushing the Philadelphia Semiconductor Index down for a third consecutive session.

A selloff in chipmakers sent stocks wavering, offsetting a decline in oil prices, as pressure keeps building for the biggest spenders on artificial intelligence to justify their investments.

⁠⁠Oil sank by the most in over three months as the US paused daily strikes against Iran and tankers sailed to load at a recently disrupted Kazakh export terminal, easing supply pressures in a market squeezed on multiple fronts.