AI stock sell-off and UK retail slump hit global markets
Briefing by News4U · First published
Global equities fell as AI fears deepened and UK retail sales dropped in September.
The Guardian Business reported that a fresh wave of selling hit AI stocks overnight, with the Philly semiconductor index falling 6.72% to its lowest level since July. [1]
UK retail sales declined in September as shoppers cut back, raising concerns that the economy’s recent resilience may be ending. [1]
Sources
- Global stocks wobble as AI fears grow; retail sales in Great Britain fall in September as shoppers cut back - business live
The Guardian Business · · Excerpt