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• Asian stock markets plunged on Friday, with Japan's Nikkei 225 dropping 4.4% and South Korea's Kospi crashing 7.7%. • The sell-off was driven by traders locking in profits following a period of significant rallies in stocks tied to artificial intelligence. • Other regional markets were also affected, including Hong Kong's Hang Seng, which lost 1.9%, and the Shanghai Composite, which slipped 2.1%.

• The South Korean Kospi index plunged 8%, triggering a trading halt due to extreme market volatility. • The crash is attributed to the introduction of leveraged funds linked to blue-chip stocks last month, which have amplified price swings. • High market concentration is a key driver, with the top five stocks making up nearly 70% of the index, including Samsung and SK Hynix.

• South Korea's Kospi index plunged more than 8% on Friday, marking the steepest weekly decline for the market in over three months. • The crash was driven by a massive sell-off in chipmakers and U.S. tech shares, leading investors to liquidate recent gains. • The volatility was so severe that it triggered a circuit breaker, temporarily halting trading to stabilize the market.

• Global stock markets are experiencing a significant downturn driven by a sell-off in artificial intelligence (AI) stocks. • The impact is particularly severe in Asia, where the South Korean market has plunged by 10 percent. • This volatility marks a return of investor anxiety regarding the valuation and sustainability of the AI-driven market rally.

• The Nasdaq Composite dropped 4.18% and South Korea's KOSPI plunged nearly 10% following a sharp sell-off in technology stocks. • The market volatility was triggered by disappointing AI-related guidance from Broadcom, which fueled investor concerns regarding a potential AI bubble burst. • This downturn highlights a growing sensitivity in global markets to the actual financial returns and growth projections of artificial intelligence investments.

• AI-related stocks are experiencing a significant downturn, triggering a return of volatility to global financial markets. • The sell-off heavily impacted Asia on Tuesday, with South Korea's benchmark KOSPI index plunging by 10%. • This market correction follows a mild tech sell-off in the United States on Monday, signaling a shift in investor sentiment toward AI valuations.

• Global and Indian stock markets weakened on Tuesday following a massive 10% plunge in South Korea’s Kospi index, which briefly triggered a circuit breaker. • The sell-off in AI-heavy Korean markets led domestic investors in India to book profits, causing the Nifty 50 to drop 278.80 points (1.16%) to 23,824.10. • The BSE Sensex mirrored this decline, shedding 893.39 points to settle at 76,200.68 as cautious sentiment spread through Mumbai.

• Global stock markets experienced a sharp decline on Tuesday, driven by a widespread sell-off in AI-related assets. • South Korea's Kospi index plummeted 10%, triggering a circuit breaker that halted trading for a 20-minute cooling-off period. • The volatility spread to Wall Street, resulting in the S&P 500 and Nasdaq recording their worst single-day performances in approximately two weeks.

• Global stock markets experienced a significant downturn as investors began selling off high-flying technology stocks. • South Korean shares were particularly hard hit, plunging by 10% amid the market volatility. • The sell-off was triggered by growing investor anxiety regarding "frothy" valuations and the sustainability of recent tech gains.

Underlying operating profits down 19% with 2019 frigate-building programme making loss, firm reportsOne of the UK’s biggest defence contractors has blamed Brexit and Covid among a catalogue of problems to beset a key contract for the Royal Navy, which led its annual profits to plunge.Annual profits at Babcock International fell by almost a fifth in the year to the end of March, as the firm reported a £140m charge on its contract to build five Type 31 frigates for the Royal Navy. Continue reading...

• The BSE Sensex and Nifty50 are expected to open higher on Monday following news of a preliminary peace deal between the US and Iran. • This geopolitical development has caused global crude oil prices to plunge, leading to a rally in Asian equities and hopes for reduced global inflationary pressures. • Market analysts from Bajaj Broking Research note that the Nifty50 previously closed the week up 1.1%, ending above the 23,600 level.

• Global private equity technology M&A transaction volume plummeted by 70% in the first quarter of this year due to widespread anxiety over AI disruption. • Software asset valuations are under significant pressure, and the profit growth threshold required to hit a 2.5x return target has surged from 5% to approximately 12%. • This shift has created a stark divide in the market, where high-quality assets remain viable while older, overpriced assets with uncertain AI prospects are nearly impossible to offload.

• Global tech stocks have experienced a significant plunge as the previous AI-driven rally undergoes a market correction. • The selloff is being driven by increasing investor bets on Federal Reserve rate hikes and a strengthening U.S. dollar. • This volatility highlights the market's sensitivity to monetary policy and the sustainability of high valuations within the AI sector.

• Asian stock markets, including Japan, South Korea, the Hang Seng Index, and the Shanghai Composite, plunged on Monday following a period of record AI-driven rallies. • Taiwan's Taiex saw a sharp decline, highlighted by a 3% drop in shares of semiconductor giant TSMC, a critical supplier for Nvidia. • The downturn is attributed to a correction after recent tech surges and renewed instability caused by attacks in Iran.

• Asian stock markets experienced a massive sell-off at the start of the week following a halt in the U.S. technology rally. • The downturn was severe enough to trigger a circuit breaker for South Korea's KOSPI index, reflecting high volatility in the region. • The crash heavily impacted tech-dominant indices in Japan, South Korea, and China, as well as financial hubs like Hong Kong and Singapore.

• Asian stock markets, including South Korea, Japan, the Hang Seng Index, and the Shanghai Composite, plunged on Monday following a period of record AI-driven gains. • Taiwan's Taiex saw a sharp decline, highlighted by a 3% drop in shares of semiconductor giant TSMC, a critical supplier for Nvidia. • The downturn is attributed to a correction after a massive tech rally and heightened geopolitical tensions following renewed attacks from Iran.

• South Korean stocks plummeted 4% on Friday, driven by a sharp decline in tech heavyweights following a sell-off of AI-linked names on Wall Street. • The downturn extended across Asia-Pacific markets, with Hong Kong's Hang Seng index dropping 0.46% and the CSI 300 declining 0.29%. • This shift reflects a broader market rotation away from chip stocks, which paradoxically helped the Dow Jones Industrial Average reach a record close.

Fireworks displays will replace all drone shows at the iconic festival after a technical issue saw dozens fall from the sky on Monday nightGet our breaking news email, free app or daily news podcastVivid Sydney has cancelled all remaining drone shows after 83 fell from the sky into Darling Harbour this week, prompting a “full assessment” of the aerial light show.On Monday, audiences looked on as a performance called Star-Bound suddenly went awry, with “unforeseen technical difficulties” causing 83 drones to plunge into the waters of Cockle Bay and six to land on a boardwalk. No injuries were reported. Continue reading...

Event organisers blame ‘unforeseen technical difficulties’ for the drone malfunction, with four performances cancelledFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastAbout 90 drones have plummeted from the sky and plunged into Sydney’s Darling Harbour during an aerial drone show, prompting a second event to be cancelled later in the evening.Vivid Sydney said “unforeseen technical difficulties” occurred during Monday’s 7.30pm performance of the show, called Star-Bound, resulting in 89 drones falling into the water at Cockle Bay in Darling Harbour. No injuries have been reported. Continue reading...

• The BSE Sensex surged over 1,000 points to close near 76,500, while the Nifty50 ended above the 24,000 mark, both rising approximately 1.4% on Monday. • The rally was supported by positive global cues and a significant 5% plunge in crude oil prices to two-week lows. • Market sentiment improved as Asian markets rose on hopes for a resolution to the US-Iran conflict, despite President Donald Trump downplaying the chance of an immediate deal.

Member of army squad sent with medics to assist suspected hantavirus patient recounts descent to remote islandThe hardest part of the parachute jump, according to Capt George Lacey, is falling backwards through the air. It is Saturday and Lacey, and his squad of six plus two medics, have just leapt out of an RAF transport, 2,500 metres over the south Atlantic.“The parachute can only go forward so quickly,” he says, meaning that it has to be pulled at precisely the right moment. “So you have to turn into the wind and basically fly backwards, which is a very weird sensation, as you can imagine.” Continue reading...

• Top economist Gary Shilling warned that U.S. stocks face a major correction with the S&P 500 potentially plunging 30% by the end of 2026 amid inflated valuations. • Shilling's forecast coincides with weekly market declines: S&P 500 down 71.47 points or 1%, Dow Jones down 328.58 points or 0.7%, Nasdaq down 357.47 points or 1.5%, and Russell 2000 down 26.12 points or 1%. • The prediction gains traction amid concerns over President Donald Trump's economic policies and Wall Street fears of AI dependence impacting markets.

Vehicle was travelling through Juvisy-sur-Orge when it veered off the road and fell in the riverFour people have been rescued from the Seine near Paris after a bus driven by a trainee driver collided with a parked vehicle before plunging into the river.The bus was travelling through the town of Juvisy-sur-Orge south-east of the French capital when it veered off the road and fell into the Seine, prosecutors said. Continue reading...

Shares in Domino’s Pizza, KFC operator Collins Foods and multi-brand food franchise owner Retail Food Group have all suffered double-digit fallsGet our breaking news email, free app or daily news podcastOnce a symbol of cheap eating, fast food is transforming into a luxury many can no longer afford due to resurgent living costs.This shift is reflected on the ASX, where major pizza, fried chicken and doughnut outlets are seeing significant price drops, raising the question: are consumers so downbeat that they are even giving up on fast food? Continue reading...

The trend has been accelerated by the US-Israel war on Iran, leaving households – and cafe owners – glum, surveys suggestFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastFor many coffee drinkers, takeaway orders are changing from a habitual purchase to an occasional treat, as elevated petrol prices and other living costs leave households feeling glum.This rapid shift in behaviour has disappointed cafe owners and surprised economists, raising an uneasy question: if takeaway coffee sales are falling, is the economy next? Continue reading...

• The American Lung Association, joined by the American Academy of Pediatrics, filed a lawsuit against the EPA's repeal of 2024 limits on mercury and air toxics from power plants. • EPA's action will allow more toxic pollution, impacting children's health nationwide, according to Harold Wimmer, ALA President and CEO. • Pollutants like mercury could lead to brain development issues, asthma attacks, cancers, and premature deaths in exposed communities.

‘Development in reverse’ taking place involving rising energy and food costs and weaker economic growthMore than 32 million people worldwide could be plunged into poverty by the economic fallout from the Iran war, with developing countries expected to be hit hardest.In a report issued amid doubts over a fragile ceasefire, the United Nations Development Programme (UNDP) said the world was facing a “triple shock” involving energy, food and weaker economic growth. Continue reading...

Marine Conservation Society warns that fish numbers have reached dangerous point of declineConsumers should “completely avoid” buying UK-caught cod, the Marine Conservation Society (MCS) has said, as it warned that populations have reached a dangerous point of decline despite zero-catch recommendations.The MCS, an environmental charity, publishes a Good Fish Guide to help consumers and businesses make sustainable seafood choices. Continue reading...