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Seoul leads steep Asian losses as AI-led tech rally hits wall

Seoul leads steep Asian losses as AI-led tech rally hits wall HONG KONG: Seoul's Kospi stock index dived more than eight per cent to lead a rout across Asia on Monday (Jun 8) as tech firms were hammered and strong US jobs data fuelled bets on a Federal Reserve interest rate hike. News that Iran and Israel had struck each other sparked worries about an escalation of the Middle East crisis, adding to the gloomy mood on trading floors and sending oil prices surging more than three per cent.

Channel News Asia 2d ago

Goldman’s Mueller-Glissman Sees Healthy Pullback in Tech Rally

Traders work on the floor of the New York Stock Exchange. Photographer: Michael Nagle/Bloomberg

Bloomberg Technology 5d ago

Tech stocks plunge in Asia after record rally and renewed Middle East attacks

Markets in South Korea and Japan are hit by a tech sell-off, and oil rises as Iran and Israel launch attacks at each other

BBC News 2d ago

Tech stocks plunge in Asia after record rally and renewed Middle East attacks

Markets in South Korea and Japan are hit by a tech sell-off, and oil rises as Iran and Israel launch attacks at each other

BBC News 2d ago