AI Surge Fuels Market Volatility | Tulsa News
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AI Surge Fuels Market Volatility | Tulsa News
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Asian markets mixed as Japan’s Nikkei fell 1.6%, Australia’s ASX edged up 0.2%, and South Korea’s Kospi, Hong Kong’s Hang Seng, and China’s Shanghai Composite all closed down 0.5%. AI demand fuels sector-wide growth, spotlighting global leaders, while the Bank of Japan eyes rate hikes mirroring the Fed. Wall Street retreated from records, with major indices down 0.5% and the Nasdaq 0.3%, pressured by surging oil prices. Brent and U.S. crude climbed, pushing Treasury yields higher — now near a year’s high — and spiking mortgage rates. Inflation cooled slightly in July, but economic uncertainty persists with looming rate hikes.
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