Morning report: ASX 200 falls, S&P 500 falls on AI disruption fears, gold and silver prices fall

ASX 200 futures are down 67 points (-0.75%) at 8:30am AEDT.

In short:

• Key US benchmarks largely down and ended almost at the worst level

• risk-off session, As Mag-7 shares trade significantly lower due to ongoing investment and cash flow concerns, software stocks continue to fall into obscurity and now AI fears are spreading to shipping and logistics

• Commodity prices experienced a broad and abrupt sell-off around around 3am AEDT, resulting in a significant decline in resource supplies

Let’s dive in.

Summary of the overnight stay

Fri 13 Feb 26, 8:21am (AEST)

S&P 500	6,833
Dow Jones	49,452
NASDAQ Comp	22,597
Russell 2000	2,611
Canada	32,465
China	4,134
Germany	24,853
Hong Kong	27,033
India	83,675
Japan	57,640
United Kingdom	10,402

Gold	4,917.13
copper	5,767
WTI oil	62.89
AUD/USD	0.7089
Bitcoin (USD)	65,546
Ethereum (AUD)	2,708
US T-Bond with a term of 10 years	4,104
VIX	21.19

S&P 500 MESSAGE CHART