Global Markets Drop as AI Stocks Fall
Global stock markets face pressure as a steep rout in AI shares highlights sector fragility amid Chinese tech advances. Meanwhile, widening Middle East conflict keeps oil prices elevated and dampens investor sentiment in Europe.
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A steep rout in artificial intelligence stocks sent South Korea's KOSPI index sinking 7% to its lowest level since July during Tuesday morning trade. The sell-off followed reports of rapid technological advances by China's ChangXin Memory Technologies.
