BUSINESS

SK hynix ADRs fell 6.3% as investors feared slower frontier AI development could reduce demand for high-bandwidth memory, despite record results and upbeat shipment guidance.

Broadcom shares fell 4.45% as an AI safety debate added to concerns about margin pressure, valuation and the outlook for custom AI chip spending.

Micron shares fell 5.8% alongside other memory stocks as investors weighed potential AI spending risks, semiconductor tariffs and legal concerns ahead of the company's 30 September results.

Intel shares fell 6.4% as calls from prominent AI executives to slow frontier development triggered a global semiconductor sell-off and renewed scrutiny of the company's turnaround prospects.

AMD shares fell 5.94% as renewed calls to slow AI development intensified concerns about infrastructure spending, high valuations, Treasury yields and the outlook for semiconductor stocks.

Nvidia shares fell 3.15% after calls to slow frontier AI development raised concerns about future chip demand, while broader market pressures added to the semiconductor sell-off.

Hewlett Packard Enterprise shares fell 9.6% after Evercore downgraded the stock and an AI-linked market sell-off intensified concerns about valuation, margins and supply constraints.

US stocks opened lower as AI safety warnings from leading executives and surging oil prices linked to Middle East tensions pressured technology shares and broader markets.

Technology stocks fell across global markets after leading AI executives backed a slower development pace, raising safety concerns and prompting investors to reassess lofty valuations.

Japan's Nikkei 225 fell 0.81% to a six-week low as renewed concerns over AI development pressured technology shares, while rising oil prices heightened inflation and interest rate worries.

South Korea's KOSPI fell 3.26% for a third consecutive session, dragged lower by technology stocks as AI spending concerns, rising oil prices and US rate expectations weighed on investors.

Domino's Australia has unveiled a new crave-focused brand platform, a 16-inch New Yorker pizza range, a Coca-Cola partnership and Sydney promotional events.

Tether's USDT led global cryptocurrency trading volume at about $3.76 trillion over 30 days, followed by Bitcoin, USDC, Ethereum and Solana, according to CoinMarketCap.

Charter Hall shares rose 3.81% to $18.81 as Australian equities recovered, while investors weighed strong earnings growth against higher rates and ongoing pressure on property trusts.

Amazon is lifting 2026 capital expenditure to about $220 billion as AWS growth accelerates, placing Andy Jassy's AI infrastructure strategy at the centre of the company's next growth test.

Hyundai Motor Group has invested in Commonwealth Fusion Systems' latest funding round and will explore engineering cooperation as the company advances its planned ARC fusion plants.

Cleanaway shares rose after EQT Infrastructure confirmed its takeover proposal remained intact following due diligence, although negotiations continue and no binding agreement has yet been reached.

Lovisa shares gained 4.8% as investors rotated into recently sold-off growth stocks, while strong sales and profit growth supported the retailer ahead of its ex-dividend date.

The ASX 200 recovered modestly after last week's sharp fall as lower oil prices and Wall Street gains lifted sentiment, though rate concerns continued to weigh.

Sunrise Energy Metals shares fell 12.6% on the ASX as investors took profits after a dramatic rally, while the company remains pre-revenue and awaits financing milestones for Syerston.

Little Tikes is launching its Cloud Collection, a range of seven best-selling toys in neutral tones, including a white Cozy Coupe available for Amazon pre-order.

Tesla says it will unveil the long-delayed second-generation Roadster on 1 October in Waco, Texas, though production specifications, pricing and delivery timing remain uncertain.

Navy Federal members reported difficulty accessing the mobile app and online banking on Friday morning, but the credit union had not confirmed a companywide outage or identified its cause.

HDFC Bank shares recovered after hitting a 52-week low, but investors remain focused on CEO Sashidhar Jagdishan's departure, slower growth, deposit trends and margin pressure.

Apple shares rose after the iPhone Duo debut, yet analysts disagree on whether its strong margins and potential demand can offset limited volumes, memory costs and valuation concerns.

Woori Financial's US-listed shares rose 6.54% in early trading even as South Korea's KOSPI fell sharply, highlighting a divergence amid market volatility, strong earnings and geopolitical concerns.

Malone Lam, 22, pleaded guilty to racketeering conspiracy over the theft of more than $245 million in bitcoin, which prosecutors say funded luxury cars, nightlife and travel.

The FTSE 100 rose 0.36% late Friday after five consecutive losses, but analysts said elevated oil prices, bond yields and technical weakness continued to limit recovery prospects.

LG Electronics has denied claims that its smart TVs record household conversations in standby mode, while researchers allege the sets captured audio, mapped networks and sent data to LG Ad Solutions.