South Korea Financial Markets

Currency traders watch monitors at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Thursday, July 16, 2026.

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Slumping AI stocks drag down markets around the world

Slumping AI stocks drag down markets around the world

Drops for computer chipmakers and other AI winners dragged down stock markets worldwide. The S&P 500 fell 0.5% Thursday, even though more stocks rose within the index than fell. The Dow Jones Industrial Average dipped 0.2%, and the Nasdaq composite lost 1.5%. Wall Street mostly rose after more U.S companies reported better earnings for the latest quarter than analysts expected. But drops for Nvidia and other chip companies overshadowed them. The losses were sharper in South Korea, where AI winners whipped lower. Yields rose in the bond market, and oil prices erased an early gain to dip modestly.