World shares retreat after losses for Big Tech pull US stocks lower
Market Intelligence Analysis
AI-PoweredGlobal markets are experiencing a downturn, triggered by a sell-off of Big Tech stocks in the US. This negative sentiment has spread to Europe and Asia, with SoftBank Group particularly affected due to concerns about its AI investments.
Market impact analysis based on bearish sentiment with 90% confidence.
Article Context
Shares in Europe and Asia retreated Wednesday following a decline on Wall Street spurred by selling of Big Tech shares. The spillover from Wall Street was evident. Shares in energy and tech giant SoftBank Group sank 10% on jitters over its investments in artificial intelligence.
Analysis and insights provided by AnalystMarkets AI.