Emerging-market stocks slide for a second day as the AI selloff spreads

Chip-heavy benchmarks in Asia are absorbing the worst of investor doubts about how long AI demand can carry tech valuations Emerging-market stocks are having a rough week. The benchmark emerging-market equity index fell for a second straight day, dragged lower by a fresh selloff in AI-linked technology shares. The damage is not spread evenly. It is clustered in the markets that host the world’s biggest chipmakers, which also happen to carry outsized weight in the MSCI Emerging Markets index.

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