Global Market Turmoil: Sharp Decline in Tech Stocks

An unprecedented sell-off has swept global stock exchanges following concerns over potential US regulatory restrictions on the artificial intelligence sector.

A wave of mass selling has swept across global stock exchanges following sharp declines on US markets. According to reports from Portfolio.hu and MarketScreener, markets reacted with anxiety to a collapse in AI stock values, which resulted in a record loss of approximately $2.9 trillion in market capitalization for S&P 500 companies in a single day of trading.

The panic spread to Asian markets, where the Japanese exchange fell by more than 6% and the South Korean KOSPI dropped by over 8%, forcing a suspension of trading. Investors are now awaiting the US labor market report, which is expected to be released later today and could further intensify market volatility. Further details have not yet been released.