Live updates: Market nervousness persists as the AI selloff deepens

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.