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Live updates: Market jitters persist as the AI selloff deepens

By CoinDesk5 hours ago Updated

10:14 UTC — Market jitters persist as the AI selloff deepens

Market jitters persist as the AI selloff deepens. South Korea’s KOSPI fell almost 4%, accompanied by one of the weakest IPO debuts in the country’s history, with data centre company Elice tumbling around 30%.

The weakness carried into U.S. pre-market trading, with CoreWeave (CRWV) down 4%, Cipher Digital (CIFR) falling 2% and IREN (IREN) losing 3%. The Invesco QQQ ETF also traded lower, reflecting broader pressure on technology stocks.

Bitcoin edged lower over the past 24 hours but held above $81,000, while gold slipped almost 1% to just above $4,110 an ounce. Brent and WTI crude oil each climbed a further 2%.

Long-dated U.S. Treasuries appear to be attracting defensive flows, with the iShares 20+ Year Treasury Bond ETF (TLT) rising 0.5%.

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