Live updates: Market nervousness persists as the AI selloff deepens
Persistent market nervousness gripped investors as the technology and artificial intelligence selloff deepened across international exchanges. South Korea led the regional losses with severe equity declines and a dismal IPO debut.
- NNDX
Ongoing tech sector weakness dampens broader equity market sentiment.
Global risk sentiment deteriorated further as equity markets absorbed ongoing corrections in technology and AI-related shares. South Korea’s primary index, the KOSPI, fell by almost 4% in a session characterized by broad-based selling and aggressive profit-taking. The sour mood was amplified by a historically weak market debut from data centre firm Elice, which crashed around 30% upon listing. These developments highlighted fragile investor confidence regarding elevated valuations within the artificial intelligence infrastructure ecosystem. Market participants are increasingly wary that overextended tech valuations are due for a broader correction. As regional instability weighs on sentiment, traders are seeking refuge in traditional safe-haven assets.
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