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World shares mostly decline, hit by heavy selling of AI-related shares
World shares declined in Europe and Asia on Wednesday, primarily hit by heavy selling of artificial intelligence-related stocks. South Korea's Kospi dropped 5.8%, while the Nikkei 225 sank 3.2% due to concerns over rising bond yields. Furthermore, market sentiment was clouding amid high oil prices and worries about AI valuations.
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- Oil prices slip and world shares are mixed as investors sell AI stocks in Asia
- Asian shares drop, with South Korea’s Kospi down more than 5%
- World shares are mixed, with South Korea's Kospi down nearly 8% on a sell-off of chip shares
- World shares mostly decline, with South Korea's Kospi down more than 5%
- World markets are mixed while Korean shares slump despite an AI-led rebound on Wall St
- Asian shares plunge as traders sell to lock in profits after recent rallies driven by AI