June 8, 2026 9:31 AM
Global market tumble as investors slam brakes on AI rally
Asian stocks plunged on Monday as investors rushed out of the hottest AI-linked shares on fears the bull run has gone too far, too fast and as fresh hostilities in Iran pushed up oil prices. The twin triggers for a rout that is highlighting a fragile market mood were last week's disappointing outlook at chipmaker Broadcom and a surprisingly strong U.S. jobs report on Friday that has traders pricing a rate hike this year. Korea's chip-heavy KOSPI , the world's best-performing market this year, ...