A broad sell-off driven by fears of an unwinding AI trade wiped $2.3 trillion in market value, with the Nasdaq plunging 5.5% into correction territory and the Dow dropping 1,800 points. The rout deepened in Asia as the Kospi fell sharply and the Nikkei entered bear territory. GIFT Nifty signals a cautious start for India.
Global markets rout as AI trade unwinds; Nasdaq falls 5.5%
Source: Moneycontrol