Futures On Edge As Sliding Chips Spark Another Korea Crash, Payrolls On Deck
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Source: Zero Hedge
Published: 2026-07-02 22:26 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Politics, Business, Asia, Europe, South Korea, Technology & AI, Economy & Finance, Financial Markets, Tax & Budget, World News, US Politics, Business & Economy, Asia Pacific, Technology
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Snippet:
US equity futures have reversed all overnight losses which were driven by the latest crash in South Korean stocks, which plunged 8% and closed at LOD, driven by a plunge in memory stocks. Still, the Nasdaq is still lower with tech stocks depressed on news that Sam Altman's OpenAI is seeking to offer a 5% stake to Trump in what is clearly an attempt to incentivize the government to backstop the company whose revenues are clearly below budget.
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