Stock markets fall in global wave of AI concerns

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Stock markets fall in global wave of AI concerns
Photo: Claudio Bresciani/TT

A wave of concern about the risk of AI-driven bubble valuations - among software manufacturers, the transportation sector and others - is spreading to stock exchanges around the world. The Stockholm Stock Exchange's OMXS index falls 0.3 percent in early trading.

Among the heavy losers are clothing chain H&M, down 0.9 percent, and engineering stocks such as Sandvik, down 1.0 percent.

Underwear manufacturer Björn Borg's stock is going against the grain, up 4.3 percent after an accounting report.

The wave of unrest picked up on Wall Street on Thursday and spread to Asia overnight, where the Hong Kong stock market in particular was taking a beating.

The market is also on full alert ahead of the US inflation figure for January, which is due at 2:30 p.m. on Friday.

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

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