Global Markets Shake as AI Stocks Dip | San Antonio News

San Antonio News Today | 2 Min News | The Daily News Now! · Aug 6, 2026 · 1m

Global markets are on edge as South Korea’s Kospi plummets over 4% amid tech selloffs, especially in memory chip giants like SK Hynix and Samsung, fueled by profit-taking ahead of Friday’s U.S. jobs report. While U.S. stocks rally on strong earnings, Asian markets retreat from AI-linked stocks. Disney and Booking soar on solid revenue, but SpaceX dips despite Nvidia exclusivity after revealing heavy AI spending. Oil prices inch up amid Strait of Hormuz tensions, while the Fed holds rates steady. The dollar gains against the yen, and the euro weakens — all signs of cautious global positioning…