Jefferies’ Chris Wood warned that Wall Street’s AI-driven rally could end in a “massive overinvestment bust” as hyperscalers ramp up $350 billion in AI capex. He cautioned that stretched valuations and retail-driven buying may trigger a sharp correction once sentiment shifts.
South Korea’s Kospi tanks 8% despite US-Iran war optimism. Here are 4 reasons why
The benchmark Kospi plunged 551 points, or 8.1%, to 6,2505. The steep decline triggered “sidecar” trading curbs on both the Kospi and the junior Kosdaq