China's ChiNext Index decline widened to 7.0%; Shanghai Composite down 2.69%; Shenzhen Composite Index down 5.3%.

US equity futures fell as a semiconductor sell-off intensified, prompting investor rotation into other sectors. Nasdaq-100 futures were down more than 2% and S&P 500 futures fell over 1%. Nvidia (NVDA.O) led the "seven megacaps" lower in premarket trading; the Philadelphia Semiconductor Index is approaching bear-market territory and extended Thursday's losses. Despite the S&P 500 closing 0.5% lower on Thursday, 369 constituents rose and 132 fell, signaling still-healthy market breadth. BARCLAYS strategist Venu Krishna said AI-capex enthusiasm is cooling, but semiconductors still materially outperform the broader market while software lags, implying recent rotation is gradual rather than decisive.

美聯儲洛根：目前工資水平並未帶來通脹壓力。