Global Stock Markets Plunge: Tech Sell-off, AI Spending Fears Hit US and Asian Bourses

• Global stock markets experienced a widespread sell-off, originating on Wall Street and quickly spreading to Asian markets.
• Major US indices, including the Dow Jones, S&P 500, and Nasdaq Composite, saw significant declines, with the Nasdaq suffering its worst three-day sell-off since April 2025.
• The tech sector was hit hardest due to weak forward outlooks from companies like Qualcomm, and concerns over increased AI spending impacting profits, as highlighted by Alphabet's CAPEX projections.
• Asian markets, particularly South Korea's KOSPI, Japan's Nikkei 225, and Hong Kong's Hang Seng Index, followed the US downturn, with chip and auto companies facing heavy selling pressure.
• A decline in commodity markets, specifically silver prices, further contributed to investor fear and a reduced appetite for risk across global markets.