This comes after a rally this comes after a rally that put the benchmark within a striking distance of its all time highs. Technology stocks, the gauges most influential group, took the brunt of the decline. Index slipped by 1. 5%. One of the biggest losers on the day was nvidia, the high flying artificial intelligence darling, and wall street will also have to contend with seasonal headwinds, as september has historically been a challenging month for stocks. In other news china has announced a probe of canadian a former edge of the governor of new york has pleaded not guilty to acting as a chinese trade and technology partn| to 1ips will be trade and technology partn| to acting ll be trade and technology partn| to acting as e trade and technology partn| to acting as a chinese guilty to acting as a chinese agent. 0scars allege they agent. 0scars allege they followed orders from beijing to followed orders from beijing to advance china s interest. In advance china s interest. In exchan
Seems to be reducing. But there are also concerns about the wider us economy that led to a wider sell off on us markets, as ritika gupta explains. The snp 500 saw its biggest slide since an early august meltdown, ending the session down 2%. This comes after a rally that put the benchmark within a striking distance of its all time highs. Technology stocks, the gauges most influential group, took the brunt of the decline. The nasdaq index closed down by 3%, while the dowjones index slipped by 1. 5%. One of the biggest losers on the day was nvidia, the high flying artificial intelligence darling, which raised more than $240 billion in market value. The chip maker shares closed down over 9%. 0ther semiconductor stocks, including micron, intel and advanced micro devices, fell in sympathy. The market also took a leg lower after manufacturing production data shrank for a fifth month in august. The institute for supply management manufacturing gauge edged up to 47. 2. A reading below 50 indi
August meltdown, ending the session down 2 . This comes after a rally that put the benchmark within a striking distance of its all time highs. Technology stocks, the gauges most influential group, took the brunt of the decline. The Nasdaq Index closed down by 3 , while the Dowjones Index slipped by 1. 5 . One of the biggest losers on the day was nvidia, The High Flying Artificial Intelligence darling, which raised more than 240 Billion in market value. The Chip Maker shares closed down over 9 . 0ther Semiconductor stocks, including micron, intel and advanced micro devices, fell in sympathy. The market also took a leg lower after manufacturing Production Data shrank for a fifth month in august. The institute for Supply Management Manufacturing gauge edged up to 47. 2. A reading below 50 indicates contraction. The data reignited concerns around slowing growth within the us economy, which helped drive a Sell Off early last month. The action comes ahead of us governments augustjobs report,
Now on bbc news, all the latest Business News live from singapore. After months of tough talk, President Trump now says he will not label china currency manipulator. And we are tracking this Food Delivery Service on the streets of San Francisco. Welcome to Asia Business report, i am Sharanjit Leyl business report, i am Sharanjit Leyl. Us President Donald Trump says his administration will not label china currency manipulator. It is a stunning reversal from one china currency manipulator. It is a stunning reversalfrom one of his key Election Campaign promises. Mr trump told the Wall Streetjournal that he changed his mind because china has not been manipulating its currency recently, and that doing so jeopardise talks with beijing about how to deal with north korea. Earlier i spoke to an economist about whether the us president was softening his trade stance on china. In the past, china has arguably used currency to push its trade policy. They have moved away from that over the past year
We will hopefully have updates on that soon. Appreciate it. Thank you. Thanks for joining us. Im erica hill in for poppy on this friday. At this hour with kate bolduan starts now. Hello, everyone. Im kate bolduan. Try this on for size. This whole thing is a hoax but were going to make it a top priority to make sure that hoax never happens again. That seems to be what the president is confusing . Its the show of force versus, well, simply the show. First, the show of force. Not the space force, the force, the iNational Security communi. All at the white house speaking publically and taking questions about election security. The real threats from abroad. No waffling, no sugarcoating
Kate Bolduan gives a fresh take on todays top stories. Kate Bolduan gives a fresh take on todays top stories. Thats right. I think the question is, who does Vladimir Putin believe. Its Vladimir Putin who is coordinating these attacks on our democracy. He believes the president of the United States. It was int