New Zealand Electronic Card Retail Sales (MoM) dipped from previous 1.3% to -0.9% in August

TradingKey - On September 14, Eastern Time, the three major U.S. stock indices closed lower across the board. AI industry executives collectively called for a slowdown in the development of advanced models, prompting the market to reassess the outlook for AI capital expenditures and chip demand. Mea

Anthropic CEO Dario Amodei called for a slowdown in the pace of artificial intelligence capability development, sending AI-related stocks lower across the board. Meanwhile, surging US Treasury yields and crude oil prices also weighed on the market. US equities edged lower, with memory and optical communications stocks leading the declines, while software and cybersecurity stocks bucked the trend to gain. At the close, the Dow Jones Industrial Average fell 0.29% to 52,421.20; the Nasdaq Composite Index fell 0.56% to 26,186.41; and the S&P 500 Index fell 0.48% to 7,619.98.

On September 14, Eastern Time, Oracle's (ORCL) stock price slipped further to around $141, hitting a near two-week low. Reports indicate that Oracle has initiated a new round of layoffs, with job cuts in certain teams potentially reaching double digits. The layoffs had been brewing internally, aimed primarily at reducing payroll costs to support the company's expanding investments in AI infrastructure. Prior to this round of layoffs, the company's total headcount was approximately 141,000.

TradingKey - In US pre-market trading on September 14, as of press time, Nokia (NOK) fell over 9% to $10.05. The company's Helsinki-listed ordinary shares dropped nearly 9% over the same period, with the magnitude of adjustments being roughly similar across both listings.

Japanese and South Korean stock markets tumbled across the board, with the KOSPI plummeting over 3%. SoftBank plunged 11%, while SK Hynix and Kioxia dropped 6%.