Chipmaker slump hits global markets as investors reassess AI outlook

Global stock markets suffer a chipmaker slump as investors question the outlook for AI spending. Financial Times

The sell-off fever spread across the sector:

South Korean chipmakers remained at the center of the rout.

Other Asian markets were also affected by the trend:

Rising costs and liquidity constraints are fueling concerns:

China’s AI rise is also affecting investor sentiment:

Despite the rising caution, demand is set to remain strong.

MARKETS THIS MORNING

Asia-Pacific markets are mostly down in early trading

Interest rates (CBE)

S&P Egypt Sovereign Bond Index

S&P MENA Bond & Sukuk

VIX (Volatility Index)

The EGX30 rose 0.2% at yesterday’s close