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Asian Markets Shake as AI and Rates Collide | Tulsa News
Asian markets plunged today as South Korea’s Kospi tumbled 6.6% amid AI stock sell-offs and a surprise rate hike by the Bank of Korea to combat inflation fueled by Iran tensions. Tech giants like SK Hynix and Samsung Electronics led the slide, while Japan’s Nikkei and Taiwan’s Taiex also fell ahead of TSMC earnings. U.S. futures edged up, hinting at Atlantic optimism. Hong Kong’s Hang Seng rose on news of China’s approval of Apple’s AI tool using Alibaba’s tech. Oil prices held firm despite dips, as U.S.-Iran tensions simmer and disrupt global shipping. Global markets remain tightly linked —…
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