AI SELLOFF DEEPENS
CHIP STOCKS UNDER PRESSURE
- Global markets fell as investors questioned whether massive AI spending will deliver enough returns.
- South Korea’s Kospi plunged nearly 10%, with Samsung and SK Hynix leading the decline.
CORPORATE WATCH
- Microsoft, Meta, Apple and Amazon report earnings this week.
- Markets are looking for proof that billions being spent on AI will translate into future profits.
CENTRAL BANKS IN FOCUS
- The Fed, Bank of Japan and Bank of England all announce policy decisions this week.
- Investors are bracing for more market volatility as rate outlooks remain uncertain.
OIL EASES, BONDS RISE
- Oil prices fell after Donald Trump said there is a good chance of a deal with Iran, easing supply concerns.
- Lower oil prices also supported bond markets.
WHY IT MATTERS
The next few days could decide whether this is just a pullback in AI stocks or the start of a broader market correction.