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AI Stocks and Oil Drive Global Market Dip | Tulsa News
Description
Asian markets plunged today as South Korea’s Kospi tumbled 5.2%, with Samsung and SK Hynix crashing 6.9% and 7.9% respectively—echoing U.S. tech volatility. Fears of overheated AI stocks, surging oil prices, and rising bond yields are converging to pressure equities. Higher yields are hiking mortgage rates, cooling the housing market and chilling Big Tech’s data center ambitions. It’s a perfect storm: AI hype, energy costs, and tightening credit all hitting global markets at once.
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