Another day, another circuit breaker on the Kospi: AI capex fears spill across Asian equity markets, on the back of a five-percent slump in Nvidia shares that sees Apple regain its crown as the world&#x27;s most valuable public company. In other news, oil prices extend yesterday&#x27;s declines amid hopes for some kind of resolution to the Iran conflict. LVMH gets a lift as sales inch higher in the second quarter, with US strength helping the company to shrug off weaker demand in Europe. And Mercedes-Benz sees a boost in second quarter operating profit but warns of intense competition and subdued demand in China.<br>See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

SOUTH KOREA'S KOSPI POSTS BIGGEST SLUMP SINCE EARLY MARCH

Squawk Box Europe Express

The CNBC app, global market news in one place. Customizable sections and personalized alerts, stocks tracking, interactive charts and market insights all in your hands. Stay connected, stay informed. Download the CNBC app today. A very warm welcome to Squawk Box Europe. I'm Steve Sedgwick with Ben Boulos and these are your headlines. Another day, another circuit breaker

on the KOSPI. AI capex fears spilling across Asian equity markets on the back of a 5% slump in Nvidia shares that sees Apple regain its crowns, the world's most valuable public company. Oil prices, well let's take a look at this. Extending the declines from yesterday amid some form of hope that some kind of resolution to the Iran conflict will come about after President Trump says the countries are having good talks. We'll see what happens. There's

a chance we can make a deal. Without what we did they wouldn't even be talking to us. They requested a meeting through their surrogates and directly. And we're meeting and, you know, good things can happen I guess. LVMH gets a lift as sales inch higher in the second quarter, US strength helping the company to shrug off weaker demand in Europe. Mercedes-Benz sees a boost in

second quarter operating profit but like its European peers, warns of intense competition

and subdued demand in China. If you have something that's really, really volatile and you say to an

investor who's enjoying that volatility, I tell you what I can do. I can give you two times leverage on that. Oh, maybe they like it. They've got that gambling instinct. If you tell that same investor I can give you three times or four times or five times leverage, I'll say, yeah, I'll have some more of that as well.

SOUTH KOREA'S KOSPI POSTS BIGGEST SLUMP SINCE EARLY MARCH

Read the full transcript

The candid version is on a podcast,
not the earnings call.

SOUTH KOREA'S KOSPI POSTS BIGGEST SLUMP SINCE EARLY MARCH

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.