Stocks mixed with tech firms back under pressure
- Investors have enjoyed a much-needed rally since Friday, following a month-long tech rout that slashed billions of dollars off valuations owing to concerns about the vast sums companies had pumped into AI.
- The recovery started with Seoul - the poster child of the sell-off since June - soaring almost 18 per cent at the end of last w
- HONG KONG: Most Asian markets sank on Thursday (Aug 6) with tech firms back under pressure after a four-day rebound amid lingering AI worries, while oil rose even as Iran said it was finalising a deal with Oman over the Strait of Hormuz.
Confirmed
- Investors have enjoyed a much-needed rally since Friday, following a month-long tech rout that slashed billions of dollars off valuations owing to concerns about the vast sums companies had pumped into AI.
- The recovery started with Seoul - the poster child of the sell-off since June - soaring almost 18 per cent at the end of last w
- HONG KONG: Most Asian markets sank on Thursday (Aug 6) with tech firms back under pressure after a four-day rebound amid lingering AI worries, while oil rose even as Iran said it was finalising a deal with Oman over the Strait of Hormuz.
Sources: CNA