Market news for August 6, 2026: Asian shares retreated, snapping AI-driven gains as tech sector weakness mirrored Wall Street’s pullback. Amidst cautious sentiment and stable oil, investors are now pivoting focus to critical US labor data, weighing recessionary risks against the prospect of September rate hikes.

Synopsis: Market Focus Daily is a closing bell roundup by The Business Times that looks at the day’s market movements and news from Singapore and the region.

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Asian markets retreat as AI rally fades; focus shifts to US labour data

BT Market Focus

Asian markets retreat as AI rally fades; focus shifts to US labour data