Tech stocks fall as AI dims

The shares of global technology companies, especially those working in the field of artificial intelligence, have sharply declined due to concerns over rising borrowing costs, increasing Chinese competition, and slowing profit growth. This has led to a significant drop in technology stock indices worldwide, including the Nasdaq, which experienced its worst decline since July, as well as a decline in semiconductor manufacturers like SK Hynix and Samsung Electronics, with trading halts activated in the Korean markets. This decline reflects fears of waning demand, high financing costs, and global competition, with investors reducing their investments, particularly ahead of the U.S. midterm elections.

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