Chip Stocks Rally With SanDisk up 5%, Micron, ASML, Western Digital up 4%

Tech giants spark a wave of departures: Following Anthropic, key Meta AI figure Andrew Tulloch has also resigned.

Over 140,000 traders were liquidated in the crypto market as BTC fell for a fourth consecutive session to defend the $78,000 mark, while altcoins crashed.

TradingKey - On September 9, Eastern Time, the three major US stock indices continued to close lower. An escalation in the Middle East conflict pushed Brent crude past $100 per barrel, with rising energy prices further exacerbating market concerns over persistent inflation. Meanwhile, the US 10-year

Oil prices breaching $100 have heightened fears of a second wave of inflation, with the KOSPI approaching 7,000 points, the Nikkei falling below 65,000, and chip stocks declining across the board.

TradingKey - The U.S. Bureau of Labor Statistics will release the August Producer Price Index (PPI) on September 10 at 8:30 a.m. ET. Against the backdrop of significantly stronger-than-expected August nonfarm payrolls, a rising probability of a September Fed rate hike, and international oil prices returning to $100, this release will serve as a crucial indicator for gauging U.S. inflationary pressures this week and offer further insights ahead of the August CPI data due a day later.