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South Korea's Kospi drops nearly 5% as some AI stocks swoon, while oil keeps climbing
South Korea's Kospi fell nearly 5% as AI-related stocks declined, while oil prices rose over 2% due to heightened U.S.-Iran tensions. Asian markets were mixed, with Hong Kong and Shanghai indices rising, and AI sector concerns about a potential bubble emerged following new Chinese AI model releases.
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- South Korea's Kospi drops nearly 5% as some AI stocks swoon, while oil keeps climbing
- South Korea’s Kospi drops nearly 5% as some AI stocks swoon, while oil keeps climbing
- Slumping AI stocks overshadow gains for the rest of Wall Street, while oil prices drift
- Asian shares mostly decline with South Korea's Kospi down 6.6%, while oil prices slip
- Asian shares mostly decline with South Korea's Kospi down 6.6%, while oil prices slip