AI stock sell-off rattles markets worldwide as oil prices climb above $113
Summary
Asian shares were mostly lower on Friday 23 October after the latest shudder for artificial-intelligence stocks weighed on markets around the world, giving the benchmark S&P 500 its worst day since July, as oil prices jumped, The Independent reported. Euronews reported that oil prices climbed above $113 as the AI sell-off rattled stocks, rising energy prices adding to inflation concerns as doubts over AI spending hit tech stocks, while investors sought safety in US bonds and France's borrowing costs remained above 5%.
Latest: Asian shares were mostly lower after the latest shudder for artificial-intelligence stocks, which gave the S&P 500 its worst day since July, The Independent reported, and Euronews reported that oil prices climbed above $113 as the AI sell-off rattled stocks and investors sought safety in US bonds.
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How it unfolded
Friday 23 October
Asian shares were mostly lower after the latest shudder for artificial-intelligence stocks, which gave the S&P 500 its worst day since July, The Independent reported, and Euronews reported that oil prices climbed above $113 as the AI sell-off rattled stocks and investors sought safety in US bonds.
Thursday 22 October