Live updates: Market jitters persist as the AI selloff deepens

Live updates: Market jitters persist as the AI selloff deepens

Market jitters persist as the AI selloff deepens. South Korea’s KOSPI fell almost 4%, accompanied by one of the weakest IPO debuts in the country’s history, with data centre company Elice tumbling around 30%.The weakness carried into U.S. pre-market trading, with CoreWeave (CRWV) down 4%, Cipher Digital CIFR falling 2% and IREN IREN losing 3%. The Invesco QQQ ETF also traded lower, reflecting broader pressure on technology stocks.Bitcoin edged lower over the past 24 hours but held above $81,000, while gold slipped almost 1% to just above $4,110 an ounce. Brent and WTI crude oil each climbed a further 2%.Long-dated U.S. Treasuries appear to be attracting defensive flows, with the iShares 20+ Year Treasury Bond ETF (TLT) rising 0.5%.

Original Source

Read the full article at Coindesk →

KhanList aggregates and links to publicly available news content. We do not host full articles from third-party sources. Always verify important information with original sources.