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The Nexus
BUSINESSJul 20 · 10:24 UTCWTOP DCWTOP Staff

World shares are mixed and South Korea’s Kospi drops 4.5% as some AI stocks swoon

World shares were mixed as South Korea’s Kospi dropped 4.5% due to declining AI-related stocks like Samsung Electronics and SK Hynix. U.S.-Iran tensions over the Strait of Hormuz and a new Chinese AI model further pressured markets, with concerns over an AI sector bubble driving investor sell-offs.

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