📈️The whole global market is collapsing before our eyes.
Stock indices, shares, gold and silver and cryptocurrencies plunge due to global tensions and the bursting of the artificial intelligence bubble:.
- US, Japanese, South Korean, Turkish, Chinese and Taiwanese stock indices fell by $1.7 trillion.
- Gold and silver fell by a trillion dollars.
- The cryptocurrency market lost about $140 billion following the Binance hack.
- European stocks lost an estimated market value of €58 billion in one day. The technology sector was particularly affected, and fell by 2.75%.
- The total losses in the market value of the assets are approaching 3 trillion dollars in just one day. The reason for this synchronized crash is attributed to panic in the run-up to the US midterm elections, fears of a new military conflict between the US and Iran, and overvaluation of the AI market due to the bursting of the AI bubble.