AI Fears Trigger ‘Sea of Red’ in Emerging Stocks
📡 Bloomberg Markets · 1 min read ·
Part of composite article China’s $9 Billion Rescue Fails to Stop AI Stock Rout as Nasdaq Rebounds on Chip Bounce View full article →
Emerging-market stocks slumped sharply on Monday, pushing a key index into a technical correction. The sell-off was driven by growing worries that the outlook for artificial intelligence no longer justifies the industry’s high valuations.