Concerns over excessive artificial intelligence investment costs by Big Tech companies and escalating geopolitical tensions in the Middle East sparked a sharp increase in market risk aversion. Consequently, capital rapidly rotated out of technology stocks, which had previously driven the rally, and moved into safe-haven assets and defensive equities.
Geopolitical risks escalated following reports of intensifying military conflicts in the Middle East and the possibility of airstrikes against Iran.
International crude oil prices surged due to Houthi rebel attacks on Saudi oil facilities and heightened unrest in the Middle East.
Tech and semiconductor shares plummeted amid concerns over Meta and Tesla's AI capex burdens and financing issues.
U.S. Treasury yields tumbled as flight-to-safety sentiment strengthened amid spreading market anxiety.
Shares of Moderna and Merck plunged after leaked preliminary clinical trial data for their melanoma vaccine fell short of expectations.
Investor sentiment weakened significantly as Meta's shift to a negative cash flow position sparked growing doubts over artificial intelligence profitability. Consequently, the fallout from weakness in U.S. tech stocks spilled over into the domestic market, driving increased volatility particularly among large-cap semiconductor equities.
U.S. tech stocks including the Nasdaq plunge as Meta's Q3 free cash flow turns negative and capital expenditures expand, heightening AI profitability concerns
SK Hynix abruptly halts its review of a U.S. IPO for its sub-subsidiary Solidigm in light of capital market conditions
NVIDIA CEO Jensen Huang dismisses oversupply concerns, citing sustained memory demand driven by AI expansion
Young Poong and MBK intensify the corporate control dispute, alleging indirect financial support to entities affiliated with Korea Zinc Chairman Yun-Bum Choi's associates
