US futures, Asian shares slip, tracking Wall Street's retreat, while oil falls more than $2
Market Intelligence Analysis
AI-PoweredUS futures and Asian shares declined, tracking Wall Street's retreat, with oil prices also falling over $2 a barrel, driven by concerns over a potential bubble in the AI market.
Market impact analysis based on bearish sentiment with 90% confidence.
Article Context
U.S. futures and Asian shares skidded Monday and oil prices fell more than $2 a barrel. In South Korea, the Kospi tumbled 4.6% to 4,982.54 as worries revived over a potential bubble in the craze for artificial intelligence. Samsung Electronics gave up 3.5%, while chip maker SK Hynix sank 5.6%.
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