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AI Stocks Slide Amid Rising Rates | Business and Finance News
Description
Asian markets plunged today as South Korea’s Kospi tumbled 5.2%, mirroring Wall Street’s tech retreat—especially AI stocks like Samsung and SK Hynix—as investors question whether the AI boom is overvalued. Rising oil prices fuel inflation fears, pushing bond yields higher and making borrowing costlier for governments and corporations. With interest rates still high, Big Tech may cut back on data center spending, while housing faces tighter financing—sending ripples through the global economy.
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