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Global markets are experiencing a sharp decline;
the KOSPI index fell by 6%, Kioxia shares dropped by 13%, while shares of companies specializing in memory chips fell by around 5%. The decline is attributed to the continued rise in interest rates, which has begun to threaten the ambitions and enthusiasm surrounding the AI boom, prompting BlackRock to downgrade its rating of U.S. stocks to “neutral”
Global markets are experiencing a sharp decline;
the KOSPI index fell by 6%, Kioxia shares dropped by 13%, while shares of companies specializing in memory chips fell by around 5%. The decline is attributed to the continued rise in interest rates, which has begun to threaten the ambitions and enthusiasm surrounding the AI boom, prompting BlackRock to downgrade its rating of U.S. stocks to “neutral”