By CHAN HO-HIM and MATT OTT, AP Business Writers<\/p>\n
Trading on Wall Street was mixed in premarket Tuesday as earnings season kicks off with the latest results from a handful of big banks.<\/p>\n
Futures for the S&P 500 fell 0.1% before the bell, while futures for the Dow Jones Industrial Average inched up 0.1%. Nasdaq futures tumbled 0.6%.<\/p>\n
Oil prices fell around 2%, even though tensions in the Middle East<\/a> continued.<\/p>\n JPMorgan Chase shares ticked up 1.4% even after the bank missed quarterly targets. Other banks releasing results Tuesday are Citigroup, Wells Fargo and Goldman Sachs. UnitedHealth Group and Johnson & Johnson are among companies reporting from the health care sector.<\/p>\n Chipmakers were down again Tuesday following losses a day earlier. Nvidia, Broadcom and Qualcomm all dipped around 1% in premarket, while Micron slipped 3%.<\/p>\n A sell-off of chipmakers also pulled Asian markets mostly lower, with South Korea\u2019s benchmark Kospi index sinking more than 5%.<\/p>\n The Kospi fell 5.5% to 6,035.35, led by semiconductor-related stocks, recovering some of its losses after it fell more than 7% intraday to below the 6,000 mark. It reached an all-time high in June after crossing 9,000, supercharged by the global artificial intelligence boom.<\/p>\n Samsung Electronics fell 7.4%, while memory chipmaker SK Hynix plunged 10.1%.<\/p>\n Investors\u2019 unease over the AI boom has clouded prospects. Both companies\u2019 stocks fell following reports that the latest advances made by China\u2019s memory chipmaker CXMT<\/a> could increasingly challenge Samsung Electronics, SK Hynix and Micron Technology, the world\u2019s biggest memory chipmakers.<\/p>\n Japan\u2019s Nikkei 225 dropped 1.8% to 67,777.52. Chip equipment maker Tokyo Electron fell 7.2%. SoftBank Group, an OpenAI investor, lost 8.5%.<\/p>\n Hong Kong\u2019s Hang Seng added 0.3% to 24,345.22. The Shanghai Composite index was up 0.1% to 3,800.86.<\/p>\n Taiwan\u2019s Taiex fell 2%, with its leading chipmaker TSMC, or Taiwan Semiconductor Manufacturing Co., also down 2%.<\/p>\n At midday in Europe, Britain\u2019s FTSE 100 rose 0.7%, France\u2019s CAC 40 was up 0.1%, while Germany\u2019s DAX climbed 0.3%.<\/p>\n