Global markets shaken by steep selloff as AI rally pauses

Global markets shaken by steep selloff as AI rally pauses
Asian markets experienced their steepest selloff in seven months, marking a significant shift in investor sentiment. This downturn coincides with a pause in the recent rally driven by artificial intelligence (AI) stocks, which had previously buoyed market confidence. The halt in the AI rally appears to be a contributing factor to the selloff, as suggested by analysts who link the two events. This development has prompted market observers to reassess their forecasts amid broader uncertainties. The selloff highlights the volatility inherent in sectors heavily influenced by technological advancements like AI. Investors are now navigating a more cautious environment as the momentum from AI-driven gains slows. Overall, the market's reaction underscores the interconnectedness of technology trends and broader financial market dynamics.







