Cybersecurity

Seoul leads steep Asian losses as AI-led tech rally hits wall

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Global technology markets experienced a significant downturn as the artificial intelligence-led rally stalled following resilient US labor data and escalating Middle East tensions. Major hardware producers like Samsung and SK hynix saw sharp declines as investors reacted to potential interest rate hikes and disappointing revenue outlooks from key chipmakers. This volatility underscores the sensitivity of high-valuation tech sectors to macroeconomic shifts and geopolitical instability, ending months of one-way AI trading growth.

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