Darlings

• Asian stock markets experienced a significant decline, with South Korea's KOSPI index particularly hard hit by losses in high-growth AI-related technology stocks. • The market downturn coincides with rising geopolitical tensions as Iran launched attacks on Israel in retaliation for a strike in Beirut. • Oil prices jumped following the escalation in the Middle East, adding further volatility to global financial markets.

• Asian stock markets experienced a sharp decline on Monday as investors sold off high-performing AI-linked shares. • The sell-off was driven by growing concerns that the artificial intelligence bull market has become overextended and unsustainable. • Market volatility was further exacerbated by rising oil prices resulting from renewed hostilities in Iran.