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Tech stocks dive as Fed bets rattle AI rally
Asian markets are experiencing a significant downturn. High-flying semiconductor stocks are bearing the brunt of the selloff. This follows a sharp fall in U.S. markets after strong jobs data increased the likelihood of a rate hike. Investors are moving away from top-performing bets. Market participants suggest this is a healthy correction after exceptional gains, with potential for future re-entry points.
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independent.co.uk
Asian shares drop, with South Korea's Kospi down more than 5%
Shares have fallen in Asia, with South Korea's benchmark dropping more than 5%, after sharp declines for some big artificial intelligence-related stocks in the U.S. U.S. futures…
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zerohedge.com
Futures Drop On Souring Chipmaker Sentiment, Kospi Plunge
“Following a period of upward revisions to earnings expectations across the sector, investors are taking a more selective approach to new information and guidance updates,”
