21 Hrs
Source:
The Guardian
Stocks decline amid AI tech worries
Global stock markets declined amid concerns over technology stocks' funding and rising oil prices following clashes between Iran and Israel in the Middle East. The South Korean Kospi briefly suspended trading after a nearly 9% plunge, with major chipmakers affected. European and US markets also fell sharply, driven by tech stock sell-offs and investor worries about high valuations amid rising interest rate expectations. Oil prices increased significantly, reaching nearly $98 per barrel, as regional tensions threatened supply routes.
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