Stocks and Bitcoin plunge worldwide as global recession fears grow – Business – Finance
Market participants are also monitoring developments closely as some analysts warn that the Artificial Intelligence (AI) boom could be an inflating bubble ready to pop, potentially triggering a steep market correction, according to The Telegraph.
Japanese equities experienced a pronounced downturn on Tuesday, with the Nikkei plummeting 3% on tech sector anxieties. Chipmaker Tokyo Electron tumbled 5.4%, while semiconductor testing giant Advantest declined 4.6%, reports the Express.
Stock indices in South Korea and Taiwan also registered losses, with the Kospi falling 3.1% to 3,960.82 and the Taiex sliding 2.3%, respectively.
In London, the FTSE-100, which tracks the 100 largest UK companies on the London Stock Exchange, was trading down…
