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Global stocks drop on AI tech worries and Middle East tensions; South Korea's Kospi falls nearly 9%.

Market News
08 Jun 2026
The Guardian
View Source
Bearish
pluang ai news

Global stock markets fell sharply as investors grew concerned about the high spending plans of AI-focused tech firms and rising geopolitical tensions in the Middle East. South Korea's Kospi index plunged nearly 9%, triggering a brief trading halt, led by major chipmakers Samsung and SK Hynix. Meanwhile, oil prices surged nearly 5% after Iran and Israel exchanged strikes, raising fears of further conflict that could disrupt oil supply. The sell-off reflects growing investor caution over tech valuations amid potential interest rate hikes and inflation pressures, signaling a more selective approach to AI investments going forward.

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