World shares skid as traders sell to lock in profits after recent rallies driven by AI

Global share markets experienced a downturn, especially in Japan and South Korea where indices declined sharply.
Key indices in Europe, like Germany’s DAX, France’s CAC 40, and the UK’s FTSE 100, showed negative returns.
Significant declines occurred in Asian markets, with Tokyo’s Nikkei 225 and Seoul’s Kospi experiencing the most significant losses.
US market futures indicated mixed movements for the upcoming trading session.
Volatility in markets is driven by the influx of investments in artificial intelligence (AI), particularly affecting AI-related companies.
Tech giants in South Korea, like Samsung Electronics and SK Hynix, faced significant share value drops.
Concerns over the sustainability of AI-related profit growth have caused intermittent pressure on AI stocks.
The US inflation rate increased to 4.1% in the latest month as oil prices drop, potentially easing inflation.
Currency trade saw the US dollar weakening against the Japanese yen while the euro strengthened against the US dollar.

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