AI jitters and geopolitical concerns weigh on stock markets

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AI jitters and geopolitical concerns weigh on stock markets
Photo: Christine Olsson/TT

The market is marked by global downward pressure on technology stocks, with chip giants such as Samsung Electronics and SK Hynix plummeting by double-digit percentages.

Adding to concerns about highly valued stocks in the AI sector is a wave of geopolitical unrest after a ship fully loaded with liquefied natural gas was hit by a projectile near the coast of Oman, at the exit from the Strait of Hormuz.

The broad OMXS index on the Stockholm Stock Exchange began the trading week with a decline of 0.4 percent on Monday, reducing its gain since the turn of the year to 6.9 percent.

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By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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