Investors retreat from AI tech stocks, global stock markets decline
2026-07-17 06:53
Odaily Planet Daily News On Friday, global stock markets fell as investors pulled out of AI technology stocks. Japan's tech-heavy Nikkei 225 index fell more than 5% intraday. A Tokyo brokerage source said this was one of the worst trading days in the Tokyo market for a long time, with many investors who had been making aggressive tech and AI bets using Japanese tech stocks now rapidly exiting.
US stock index futures indicated that US stocks might open lower. Euro Stoxx 600 futures pointed to a potential 0.6% drop at the European open. Richard Yetsenga, Chief Economist and Head of Research at ANZ Bank, said the sell-off exposed how unsettlingly dependent many markets and a wide range of economic activities have become on the AI boom.
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