Schwab’s close: Asian tech selling prompts policy support
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AI · systemfrom the 04:56 video
Schwab Network’s hosts describe Asian market stress spreading beyond Wall Street: the Nikkei 225 fell below 60,000, while Taiwan planned short-selling curbs from Monday and stood ready to use its stock stabilisation fund. They also report Tesla’s plan to wind down Cybertruck production from the middle of next year to free capacity for its autonomous cab. Their next macro checkpoint is inflation, following 165,000 U.S. jobs and 7.9% underemployment.
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