Global Stocks Decline as AI Share Selloff Continues
Global markets came under pressure last week as investors sold shares linked to AI, while higher oil prices and elevated government bond yields added to concerns about the outlook for equities. In Europe, Germany’s DAX slipped 0.2%, while France’s CAC 40 gained 0.3%. London’s FTSE 100 declined 0.2%. Asian markets recorded steeper losses, with South Korea’s Kospi dropping 5.8%. Samsung Electronics lost 7.8%, while SK Hynix dropped 9.8%. Both companies have benefited strongly from demand associated with AI and advanced computing. Japan’s Nikkei 225 slid 3.2% as investors’ concern over high borrowing costs as well as weakness in technology stocks intensified. The yield on Japan’s 10-year government debt…