Financial markets across the globe experienced a sharp downturn today, led by a massive sell-off in technology and semiconductor stocks. Analysts point to fears of an AI-driven investment bubble, with traders reassessing valuations of major chipmakers after months of record highs.
Asian exchanges, particularly in Taiwan and South Korea, bore the brunt of the slide, while Wall Street futures mirrored the bearish sentiment. Economists argue that the market correction, while unsettling, could also serve as a healthy recalibration after years of exuberant tech valuations.
Meanwhile, China announced the lifting of tariffs on U.S. soybean imports, signaling a possible thaw in trade tensions. However, the gesture was not enough to offset broader market anxiety, as investors brace for what some analysts describe as a “short, sharp shock” to over-inflated tech portfolios.
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