Svmuu News: Global stock markets fell on Friday as investors pulled out of AI and tech stocks. Japan’s tech-heavy Nikkei 225 index fell more than 5% at one point during the session. A Tokyo-based brokerage analyst noted that this was one of the worst trading days in the Tokyo market in a long time, with many investors who had used Japanese tech stocks to make aggressive bets on technology and AI now rapidly pulling out.
U.S. stock index futures indicate that U.S. stocks may open lower. Futures for the European Stoxx 600 index suggest European stocks may open down 0.6%. Richard Yetsenga, chief economist and head of research at ANZ Bank, said this sell-off exposes the alarming extent to which many markets and a significant portion of economic activity have become reliant on the AI boom.