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Sell-off in US chip stocks drags down Asia-Pacific markets; Korean stocks trigger circuit breaker, SK Hynix drops 7%, oil prices continue to fall, gold remains above 4000.

Sell-off in US chip stocks drags down Asia-Pacific markets; Korean stocks trigger circuit breaker, SK Hynix drops 7%, oil prices continue to fall, gold remains above 4000.

``` Investor concerns about the overvaluation of artificial intelligence (AI) concept stocks have triggered a dramatic sell-off of chip stocks on Wall Street, a panic that quickly spread to Asia-Pacific markets. In early trading, Asia-Pacific stocks were generally under pressure, with Korean stocks being particularly hard hit and triggering a circuit
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From “flight suspension panic” to “oversupply crisis”: US-Iran agreement triggers oil price plunge of 30%, Goldman Sachs warns of nearly 2 million barrels net crude surplus next year.

From “flight suspension panic” to “oversupply crisis”: US-Iran agreement triggers oil price plunge of 30%, Goldman Sachs warns of nearly 2 million barrels net crude surplus next year.

``` As the geopolitical tensions between the US and Iran substantially cool down, the global crude oil market is undergoing a dramatic fundamental shift from "supply panic" to a "surplus crisis". On Wednesday, international oil prices experienced another sell-off and plunge, with both WTI crude oil and
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