Tumbling tech darlings slam brakes on AI rally By Reuters
• 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.
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