Hot US PPI Fails to Lift Yields as AI Credit Fears Put Nasdaq at a Tipping Point

US producer inflation surged far beyond expectations on Thursday, retail sales beat forecasts and layoffs remained contained, yet Treasury yields continued falling and the Dollar struggled to recover. The AI-related selloff that hit Nasdaq on Wednesday extended into Asia, sending South Korea’s KOSPI down 7.57% and Japan’s Nikkei down 4.90%, even as TSMC reported record third-quarter profit. The post Hot US PPI Fails to Lift Yields as AI Credit Fears Put Nasdaq at a Tipping Point appeared first on ActionForex.