Wall Street

Officials note the department does not wish to over-engineer rules

MSCI’s Asia-Pacific equities gauge slides 2.1% as Japan’s Nikkei 225 Stock Average loses 4.4%

The weakness in chips demonstrated the lofty expectations for a sector that has soared by nearly 70% so far in 2026

Index entry could draw over US$4 billion in flows to the company, JPMorgan estimates

Expectations for a rate hike from the Fed decreased after the release of the US jobs report

Investor attention is on US jobs data due on Thursday

Lofty valuations and big AI spending by tech companies have been a concern for some market participants

Investors were still assessing Kevin Warsh’s indication that the Fed would provide less guidance on future policy moves

In his first meeting as Fed Chair, Warsh says the central bank would deliver on price stability