Global Stocks Hit One-Month Low As AI Chip Rout Deepens, Fed Rate Fears Intensify - Tekedia

Global stocks fell to a one-month low as a semiconductor selloff spread from Asia to the U.S.

South Korea’s KOSPI sank more than 10%, while SK Hynix, Samsung, Nvidia, Micron and ASML all dropped.

Investors worried about high AI valuations, rising financing needs, and stronger chip competition from China.

Fears of a near-term Fed rate hike added to the pressure on global equities.