London, July 28, 2026 (AFP) - Tech stocks tank on AI jitters, oil falls further

NAMPA / AFP

2026-07-28

A rout in tech stocks dragged down Asian markets Tuesday on fresh concerns over the AI boom, while European equities held up as oil prices extended losses. The sell-off overshadowed a further drop in oil prices after US President Donald Trump signalled optimism about a deal to end Middle East hostilities. "The AI powered rollercoaster has taken another lurch downwards, with chip stocks falling sharply, as investors reassess rising competition an......

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