AI sell-off drives global equities lower, UBP says
Bitget2026/10/19 14:49- Global equities fell 1.6% as an AI-led selloff drove investors toward safe havens.
- Global semiconductors lost 13.6% over eight consecutive sessions, their steepest such decline since 2008, amid AI valuation concerns.
- CoreWeave’s credit default swap spreads exceeded 1,000 basis points, reaching distressed territory as AI-linked credit weakened.
- The 10-year Treasury yield fell 17 basis points to 5.07%; Brent crude rose 5% to near USD 110 per barrel.
- US annual inflation accelerated to 3.7%, reviving rate-hike concerns despite markets assigning only a 15% probability to an October increase.
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