FUTURES SLIDE AS AI UNWIND GOES GLOBAL : KOSPI CRASHES INTO BEAR MARKET , TREASURIES SOAR

What happened: US futures fell as a global AI selloff deepened. South Korea's Kospi crashed into a bear market and tripped circuit breakers, CoreWeave bonds traded at distressed levels, and Anthropic's slowing growth failed to impress. Key numbers: S&P futures -0.3% at 7,749; Nasdaq futures -1.1% at 29,857; 10Y yield down 10bps to 5.08%; Kospi down nearly 8%; SOX Why it matters: The AI unwind pushed investors into havens, with Treasuries rallying across the curve and October Fed hike odds sliding to around 30% from a post-CPI peak of 58%. Even TSMC's strong Q4 guide failed to ease concerns.

US futures fell as a global AI selloff deepened. South Korea's Kospi crashed into a bear market and tripped circuit breakers, CoreWeave bonds traded at distressed levels, and Anthropic's slowing growth failed to impress.

The AI unwind pushed investors into havens, with Treasuries rallying across the curve and October Fed hike odds sliding to around 30% from a post-CPI peak of 58%. Even TSMC's strong Q4 guide failed to ease concerns.