European markets down and Asian chipmakers tumble in global stock sell-off amid worries over AI bubble – as it happened | Business
Deutsche Bank: Growing chorus of ‘whether we might be on verge of equity correction’
Jim Reid, analyst at Deutsche Bank, said there is talk of whether we are “on the verge of an equity correction”.
The last 24 hours have brought a clear risk-off move, as concerns over lofty tech valuations have hit investor sentiment.
Markets compounded these losses in the early hours of Asian trading but have been rallying back in the couple of hours prior to going to print with US futures clawing back towards flat with the Kospi rallying back a couple of percentage points from early -5% plus losses.
On Wall Street yesterday, the S&P 500 closed down 1.17%, losing ground because of sharp losses among tech stocks, and there was a big slump for…
