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US markets were hit by a sharp selloff as the Dow plunged more than 1,100 points, led by weakness in AI stocks after the Federal Reserve held rates steady despite sticky inflation.

Microsoft delivered strong earnings and guidance, while Meta faced growing investor frustration over its spending and strategy.
The Federal Reserve appears divided, leaving investors uncertain about the timing of future rate moves.
Stock market headlines suggest the next trading session could be shaped by a mix of earnings reactions and macroeconomic concerns.
Higher bank certificate-of-deposit rates are drawing attention as savers look for the best available yields.
Novartis stock may be setting up for a bullish technical reversal, according to chart analysis.
SK Hynix U.S.-listed shares are already facing short-seller pressure soon after market developments.
Caterpillar was downgraded because of backlash tied to the expanding data center buildout.
Market rotation is underway, with analysts pointing to two stocks that may have attractive chart setups.
Several major companies reported earnings or outlook updates, including Microsoft, Starbucks, Qualcomm, Meta, and P&G.
Broader market sentiment remains shaky, with AI-related stocks, Fed policy, oil prices, and investor selling all contributing to volatility.

Hong Kong stocks rebounded as the Hang Seng Index rose 1.96% to 25,807.92, led by strength in financials and a broad market recovery despite sharp regional tech selloffs.

Morningstar Lyon reiterated an “Outperform” rating on MGM China, citing strong cost discipline.
Tencent updated WorkBuddy and, together with Tencent Docs, launched a “human-plus-machine co-writing” collaborative editing feature.
Centaline Mortgage expects Hong Kong’s H mortgage rate to stay around 3.25% for some time.
Hang Seng Bank kept its Hong Kong dollar prime rate unchanged at 5%.
BofA Securities said ASMPT’s quarterly results beat expectations and maintained its “Buy” rating and HK$310 target price.
BofA Securities expects AIA’s first-half VNB growth to reach 14% at constant exchange rates, keeping a “Buy” rating and HK$100 target price.
BofA Securities cut Trip.com’s target price to HK$471 but kept a “Buy” rating, saying regulatory rulings removed uncertainty.
Major Chinese optical-module stocks fell sharply, while New Easy Sheng said there had been no significant change in its internal or external operating conditions.
Daiwa lowered SK Hynix’s target price to 3 million won, but said fundamentals remain solid and recommended buying on dips.
Broader market themes across the sources include chip and AI volatility, A-share buyback and shareholding-support measures, stronger performance in financial and blue-chip stocks, and ongoing policy support for liquidity, technology finance, and market stability.

Tokyo stocks rebounded sharply, closing up 433 points as strong buying in AI and semiconductor shares lifted the market after an intraday surge of more than 1,400 points.

The Tokyo Stock Exchange rebounded sharply, driven by buying in AI and semiconductor shares.
The U.S. Federal Reserve held rates steady, but three dissenters pushed for a hike, increasing September rate-hike expectations.
Japanese food consumption tax may be effectively reduced to zero through subsidies, with a 1% rate planned from April 2027.
Japan Post Bank will waive fees for Kumamoto earthquake relief donations.
The yen traded around the 163 level against the dollar following the Fed’s decision.
Tokyo stocks briefly surged more than 1,300 yen before settling higher by 433 yen.
U.S. stocks fell by more than 1,000 points amid Middle East tensions and AI-related concerns.
Asics is opening a flagship store in Shinjuku to strengthen its brand presence and customer engagement.
Yamazaki Baking stopped production at its Kumamoto plant after the earthquake and may increase output in Fukuoka.
Corporate governance discussions are focusing on the potential value of a “corporate secretary” role to support outside directors.

Bitcoin and ether whipsawed the crypto market, triggering about $280 million in liquidations even as prices ended largely unchanged over the past 24 hours.

Bitcoin and Ether saw sharp intraday swings that erased about $280 million in positions, even though prices ended roughly unchanged over the past day.
Market watchers said the Federal Reserve’s decision to keep rates unchanged was still hawkish, but they disagreed on what it means for the next move.
Ether and XRP were largely flat, while chip stocks held steady after Samsung reported an enormous profit surge.
Bitcoin’s quantum-security roadmap assumes some algorithms may fail, and recent AI progress showed one of those algorithms can be broken in just 60 hours.
US senators are reportedly preparing stricter ethics rules targeting Donald Trump’s crypto-related businesses before sending the measures to the White House.
Robinhood fell despite beating earnings expectations because its crypto trading revenue slowed.
Ethereum’s importance is changing as the market for crypto perpetual futures continues to expand.
The Fed left rates unchanged and extended its pause as investors waited for Kevin Warsh’s policy direction.
Banking is moving away from the traditional 9-to-5 schedule, according to Morgan Stanley executives.
Brale says its new protocol can remove a key barrier to scaling custom tokens, which could make stablecoins and token issuance easier to grow.

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