Sharp declines in AI stocks and rising oil prices shook global markets

Global stock markets declined due to heavy losses in artificial intelligence-linked stocks and oil prices driven higher by escalating war concerns involving Iran. In the U.S., the S&P 500 and Nasdaq indexes suffered losses, while Asian and European markets were also affected by this pressure.

Global stock markets recorded declines due to depreciation in artificial intelligence-driven stocks and rising oil prices fueled by war concerns with Iran. In the United States, the S&P 500 and Nasdaq composite indexes experienced drops, while non-tech stocks displayed a relatively more resilient stance. Meanwhile, Brent crude oil prices reached their highest levels seen since May.

Asian and European markets also declined under the pressure of regional market structures and rising bond yields. Sharp losses were seen in Asian markets due to heavy exposure to artificial intelligence and technology stocks; South Korea's Kospi index fell by 3.5 percent, Hong Kong's Hang Seng index by 3 percent, and Japan's Nikkei 225 index by 2.7 percent. France's CAC 40 index lost 1.4 percent of its value amid rising yields on French government bonds.