Tech Selloff Pauses as Oil Hits Five-Month High — SkimNews
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- AI stocks registered sharp drops that overwhelmed markets worldwide, as Asian shares slipped and oil prices jumped.
- Technology selloff relented as Asia stocks curbed some losses, China rebounded amid the bear market, and Nasdaq futures steadied; oil reached a five-month high.
Why it matters: The five-month oil high is the material counterweight to the easing tech rout: China rebounded and Nasdaq futures stabilized, but the coverage still shows divergent moves rather than one broad recovery. For markets tracking both technology shares and oil prices, the two forces are moving in opposite directions in the same session.
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