AI Stocks Plunge, Global Markets Tumble

Global markets, including Asian and U.S. stocks, experienced a significant downturn on November 14th, driven by concerns over high valuations of AI stocks like Nvidia. South Koreas Kospi index dropped by over 3%, while Japans Nikkei lost nearly 1.7%. Chinese markets also fell, coinciding with slowing factory output growth. The U.S. market had one of its worst days since April, with the S&P 500 falling by 1.7%. Investors are also worried about the Federal Reserves potential reluctance to cut interest rates in December. DNN | The Daily News Now! The world’s first global local news network. Every city. Every story. AI powered. Hosted on Acast. See acast.com/privacy for more information.