International markets update:
A volatile trading week concludes with President Donald Trump dominating headlines, his fiery speech casting shadows while the technology sector experiences a notable sell-off.
- President Trump accused China of extensive meddling in the 2020 election and sowed doubts about the U.S. voting system, potentially complicating fragile trade relations and Chinese President Xi Jinping’s upcoming visit.
- President Trump’s longtime teleprompter operator was suspended amid a federal investigation into alleged profitable bets made on a prediction market platform tied to Trump’s statements.
- Trump Media and Technology Group introduced ‘Truth API,’ a new paid-for data feed offering algorithmic trading firms the fastest access to posts from key accounts on Truth Social.
- Asian chip stocks tracked a significant Wall Street AI sell-off, with declines concentrated in Japan, fueled by TSMC’s earnings not being strong enough to justify further upside and concerns over excessive sector spending.
- Shares in Netflix fell over 8% in after-hours trading as the streaming giant’s latest earnings forecast disappointed investors, despite reporting healthy content engagement.
Stock Market News summarised for the Wall Street Investors Club community.