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Morning Bid: Blistering AI rally turns ugly

Morning Bid: Blistering AI rally turns ugly

A look at the day ahead in European and global markets from Rae Wee An ugly selloff in technology stocks swept across Asia on Monday as investors slammed the brakes on the red-hot AI rally, with a more than 8% fall in South Korea's KOSPI triggering circuit breakers.
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South Korea's KOSPI craters nearly 9% as Fed fears hammer tech stocks

South Korea's KOSPI craters nearly 9% as Fed fears hammer tech stocks

By Jihoon Lee and Yena Park SEOUL, June 8 (Reuters) - South Korea's stock benchmark plunged nearly 9% on Monday, tripping circuit breakers, after robust U.S. jobs data lifted bets on a Federal Reserve rate hike and unleashed a selloff in the tech‑heavy market that had powered the broader AI rally.
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Asia markets brace for selling after tech rout hits Wall Street

Asia markets brace for selling after tech rout hits Wall Street

SINGAPORE, June 8 (Reuters) - Asian markets were poised to fall on Monday after Wall Street's nine-week winning streak ended in heavy tech selling, while Israeli strikes on Beirut sent oil and the dollar higher.
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U.S. Markets Resilient Amid 100 Days of Iran Conflict, Despite Inflation Concerns

U.S. Markets Resilient Amid 100 Days of Iran Conflict, Despite Inflation Concerns

U.S. Markets Resilient Amid 100 Days of Iran Conflict, Despite Inflation Concerns
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Wall Street Faces Major Losses Amid Tech Sell-Off and Rate Hike Concerns

Wall Street Faces Major Losses Amid Tech Sell-Off and Rate Hike Concerns

Wall Street Faces Major Losses Amid Tech Sell-Off and Rate Hike Concerns
AP News AP News
Asian shares drop after plunge in Big Tech stocks gives Wall St its worst day in months

Asian shares drop after plunge in Big Tech stocks gives Wall St its worst day in months

Asian shares have skidded after worries about Big Tech investments and rising odds for an interest rate hike gave U.S. stocks their worst day since October
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Asian Markets Slide as AI Rally Pauses and US-Iran Peace Talks Stall

Asian Markets Slide as AI Rally Pauses and US-Iran Peace Talks Stall

Asian Markets Slide as AI Rally Pauses and US-Iran Peace Talks Stall
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South Korea's Stock Market Plummets Amid Global Tech Selloff

South Korea's Stock Market Plummets Amid Global Tech Selloff

South Korea's Stock Market Plummets Amid Global Tech Selloff
Reuters Reuters
Instant View: Tech stocks dive as Fed bets rattle AI rally

Instant View: Tech stocks dive as Fed bets rattle AI rally

SINGAPORE, June 8 (Reuters) - Asian markets extended last week's bruising selloff with high-flying semiconductor stocks taking the heaviest beating and South Korea's KOSPI sinking more than 4.5%.
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U.S. Stock Market Declines Amid AI Sector Slowdown and Geopolitical Tensions

U.S. Stock Market Declines Amid AI Sector Slowdown and Geopolitical Tensions

U.S. Stock Market Declines Amid AI Sector Slowdown and Geopolitical Tensions
AP News AP News
Stocks slide as Big Tech sinks and bond yields surge after a strong May jobs report

Stocks slide as Big Tech sinks and bond yields surge after a strong May jobs report

Stocks slipped on Wall Street Friday as big technology companies lost ground and weighed down the broader market
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Wall Street Plunges Amid Tech Sell-Off and Rate Hike Fears

Wall Street Plunges Amid Tech Sell-Off and Rate Hike Fears

Wall Street Plunges Amid Tech Sell-Off and Rate Hike Fears