US stocks rebound from recent tech rout - Newsquawk Daily Asia - Pac Market Open

US stocks saw mixed price action on Thursday, but ultimately rebounded, which saw the S&P 500 eke modest gains, the Nasdaq 100 was slightly lower, while the Dow and Russell 2000 outperformed. Nonetheless, the tech sector remained pressured on recent selling in AI, chip and memory stocks following a 7.5% drop in the KOSPI overnight, although sentiment steadily improved after the opening bell, with equities gradually recovering throughout the session as technology stocks pared losses and most sectors closed in the green, led by Health Care, Materials and Financials. USD weakness continued as AI concerns lingered, pressuring both tech stocks and US yields despite a hot PPI report prompting upward revisions to September PCE expectations. Meanwhile, Retail Sales beat on the headline, albeit driven by sales at gasoline stations amid higher energy prices; claims were little changed W/W, and regional data was mixed (NY Fed beat, Philly missed). Looking ahead, highlights include South Korean Unemployment Rate, Singapore Non-Oil Exports, Speakers including BoE Governor Bailey, Fed Chair Warsh & BoC Governor Macklem, Supply from Australia. 1. Subscribe to the free premarket movers reports 2. Trial Newsquawk’s premium real-time audio news squawk box for 7 days Highlights include South Korean Unemployment Rate,…