BusinessPhoto: Mint MarketsGlobal Stocks Flat Amid AI Spending and Rate Hike Concerns
Global equity markets remained flat as fears over AI spending and rising interest rates triggered a selloff in technology and semiconductor stocks. The Philadelphia Semiconductor index dropped 1.7%, while the Dow Jones rose 1.08%, S&P 500 gained 0.27%, and Nasdaq increased 0.11%. Asian markets saw sharper declines, with South Korea's KOSPI down nearly 8% and Japan's Nikkei falling about 5%. Investor caution persists regarding AI demand sustainability.
Mint Markets·


