- World stocks fell to a one-month low as a global selloff in chipmakers hit tech names hard amid worries about Chinese competition and the funding/valuation of the AI boom.
- South Korea’s KOSPI plunged over 10% and triggered a circuit breaker, with memory leaders like SK Hynix and Samsung plunging as a massive rally rapidly unwound.
- Investors are nervy heading into big tech earnings (Microsoft, Amazon, Meta, Apple) and a possible U.S. rate hike this week, while oil slid after signs of easing U.S.-Iran tensions.
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