Tech market sell-off deepens amid fears over US inflation and AI debt
Chip makers and tech investors such as Samsung and SoftBank plunge as global investors fret over potential interest rate hikes Business news – live updates…
The Guardian reports: Chip makers and tech investors such as Samsung and SoftBank plunge as global investors fret over potential interest rate hikes Business news – live updates Larry Elliott: the global economy is muddling through.
But a storm is coming An accelerating sell-off of AI-linked shares has hit global markets, as fears over rising inflation and future interest rate hikes spooked traders already wary of the heavily indebted sector.
This business story centres on the United States. Names and organisations mentioned in the coverage include AI, Samsung and SoftBank.
Why it matters
Business and economic news can ripple through prices, jobs, investments and household budgets.
Key details
- Location
- United States · Americas
- Reported by
- The Guardian
- First reported
- Key names
- AI, Samsung, SoftBank, Business
- Section
- Business
- Figure cited
- South Korea’s benchmark Kospi 200 index, which is heavily skewed towards the companies that make memory chips, fell more than 8% overnight to a six-month closing… (The Guardian)
Sources
This is an independent summary. Read the full, original reporting from the publisher:
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