Follow UsOil Climbs Above $111 as AI Stocks Slide, Dragging the S&P 500 and Global Markets With Them
Bearish-3.99%
22 Oct, 17:33
Source: Decrypt
AI Summary
Nvidia and Meta shares declined alongside broader AI and semiconductor stocks, dragging major global indices lower as oil prices climbed to a five-month high.
Brent crude hit a five-month high while Nvidia, Meta and chip stocks fell, pulling Asia's benchmark indexes down by up to 3.5% a week after South Korea's Kospi plunged 7.57%.