Macro Finance
Stocks Drop as Chip Selloff Deepens, Oil Climbs: Markets Wrap
Bloomberg Markets·July 16, 2026·1 min read
Asian stocks fell alongside US equity-index futures as a selloff in chipmakers deepened due to concerns that massive AI investments may not justify valuations. Oil prices climbed. The declines reflected mounting uncertainty about tech sector overvaluation, adding to market volatility across the region.
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