Global tech sell-off intensifies over inflation and rate hike fears
The short version
- AI-linked shares experienced an accelerating sell-off in global markets.
- South Korea’s benchmark K index was affected by the downturn.
- Wall Street fell due to hot US inflation data.
- Investors in chip makers and tech firms such as Samsung and SoftBank were impacted.
- Fears over potential interest rate hikes contributed to market volatility.
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How coverage grew
First reported by Financial Times Global tech sell-off deepens as Asian markets tumble
The Guardian Tech market sell-off deepens amid fears over US inflation and AI debt