Seoul shares open sharply lower on AI selloff, oil price surge
Published 1 d ago3 sourcesEvidence: Reported
US and European markets fell sharply on Thursday, with Nasdaq down 2.6% and S&P 500 off 1.21%, driven by a selloff in AI stocks. Oil prices surged to $113/barrel, their highest since May, after tanker attacks in the Strait of Hormuz raised supply concerns. The combination of tech weakness and geopolitical risk is pressuring global risk assets.
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