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Nasdaq futures sharply lower as tech sell off bleeds into global markets; South Korea's Kospi falls 10%: Live updates

Nasdaq futures are sharply lower as a tech sell-off impacts global markets. The South Korean Kospi index plummeted 10%. This downturn is attributed to concerns over AI firms' capital expenditures and potential Fed rate hikes.

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What changed

The situation has escalated with Nasdaq futures now down sharply and the Kospi experiencing a significant drop.

Live updates

  1. Nasdaq futures sharply lower as tech sell-off bleeds into global markets

    Nasdaq futures are sharply lower as a tech sell-off impacts global markets. The South Korean Kospi index plummeted 10%. This downturn is attributed to concerns over AI firms' capital expenditures and potential Fed rate hikes.

    What's confirmed:

    • Nasdaq futures are sharply lower.
    • The South Korean Kospi index plummeted 10%.
    • A tech sell-off is impacting global markets.
    • Concerns over AI firms' capital expenditures and potential Fed rate hikes have contributed to the downturn.

    Still unconfirmed:

    • Losses for Korean memory chipmakers fueled AI trade doubts
    confidence 50%