Turmoil in Markets: Stock Declines and Bond Surge

In depth

Global stock markets fell sharply after investors intensified concerns about artificial intelligence investments and inflation. According to Ice, the S&P 500 index fell 1.2%, the Nasdaq Composite index fell 2.6%, and the Philadelphia Semiconductor index lost 6.7%.

Meanwhile, according to TheMarker, US Treasury bonds recorded their best day in more than two years on Thursday, following losses in risk assets. According to Bizportal, the US 10-year Treasury yield fell to 5%, while Brent closed near $117. The market is pricing in an approximately 71% chance of a rate hike in December.

According to Ice, technology giants are turning to the bond market to raise $200 billion to finance investments in artificial intelligence infrastructure. According to Calcalist, 91% of overseas bond funds lost money this year, by up to 7.5%.