Pressure on chipmakers followed comments from Seagate CEO Dave Mosley, who warned that production capacity may struggle to keep pace with rapidly growing AI demand. US stock futures stayed mostly flat as attention shifted toward upcoming earnings and economic data.

Japan’s bond market continued drawing attention after strong GDP growth and hawkish comments from BOJ policymaker Kazuyuki Masu pushed 10-year government bond yields back near multi-decade highs around 2.75%. The move added to expectations that Japan may continue stepping away from years of ultra-loose monetary policy.

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