Global markets decline, led by artificial intelligence stocks economy

aljazeera.net
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Global financial markets fell collectively today, Thursday, led by shares of technology and artificial intelligence companies, after intense selling operations on Wall Street, which quickly affected Asia and Europe, amid a state of caution and anticipation of US economic data and interest rate trends.

In Asia, the Japanese Nikkei index fell today, under pressure from stocks related to artificial intelligence, after a wave of selling in technology stocks on Wall Street.

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The Nikkei 225 index fell by 2.5% to 68,733.15 points, while the Topix index rose 0.09%, supported by purchases of cheaper stocks. Advantest and Tokyo Electron shares fell 9.95% and 7.44%, respectively, and Kioxia fell 13.47%.

“The market is going through a natural correction, as investors sell technology stocks to stabilize their profits and buy cheap stocks,” said Koji Toda, a senior fund manager at Resona Asset Management.

Wall Street Stock Exchange
US stock indices fell with the decline in the technology sector (Getty)

European markets

European stocks fell today amid a wave of caution that prevailed over global markets after pressure on artificial intelligence stocks. The European STOXX 600 index fell 0.1% to 638.27 points, and the technology sector fell 1.5%, at the time of writing these lines.

US stock indices ended yesterday’s session with a slight decline, with the technology sector declining. The Nasdaq fell by 0.65%, the Standard & Poor’s 500 by 0.19%, while the Dow Jones fell by 0.01%.

Meta Platforms shares rose after reports of a project in the field of cloud services related to artificial intelligence.

In bond markets, the 10-year Japanese bond yield rose to 2.77%, the highest since mid-May, amid fears of increased government spending.

The Japanese yen also witnessed sharp fluctuations, as it rose suddenly against the dollar after it was close to its lowest levels in 40 years.



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