The three international trading💹 markets face😔 a huge downfall
The selloff extended from US chip losses amid rising bond yields near multi-year highs, inflation worries, heavy government debt issuance, and Middle East tensions driving up oil prices via risks to the Strait of #Hormuz
"Analysts describe it as a classic unwind of crowded AI trades rather than a systemic credit event, suggesting potential oversold bounces before any further downside"