Slumping AI stocks drag down markets around the world
β’ Global stock markets declined on Thursday, led by a slump in AI-related stocks and computer chipmakers, causing the S&P 500 to fall 0.5%. β’ International markets saw significant drops, with Tokyo falling 2.8% and Shanghai sliding 1.8%, though Hong Kong's Hang Seng rose 1.3% following China's approval of Apple Intelligence. β’ Despite the market dip, U.S. economic indicators remained positive, showing fewer unemployment benefit applications and stronger-than-expected manufacturing growth in the mid-Atlantic region.
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