Global stock markets decline amid tech and AI chip sell-off

Global stock markets experienced a notable decline on June 8, primarily due to a widespread sell-off in the shares of technology companies and semiconductor manufacturers. These firms had previously been significant beneficiaries of the artificial intelligence boom, attracting considerable investor interest. The downturn was particularly pronounced in Asia, with the South Korean Kospi index registering a loss of up to 8.8% during trading. Concurrently, major semiconductor companies such as Samsung Electronics and SK Hynix saw their stock prices fall by more than 10%. This market activity indicates a shift as investors reduce their holdings in the technology sector.

Sources: Forbes Ukraine, FT