EM Stocks Headed For Weekly Loss on Tech Selloff, Rising Crude
Bloomberg 2026-07-17 03:54:14
Context: Emerging-market equities experienced a second consecutive day of decline and are now poised for a weekly loss. The downturn is attributed to concerns over the valuations of artificial intelligence (AI) stocks, which led to a selloff in technology shares across Asia. This decline is also influenced by the rise in crude oil prices.
Key Facts
- Emerging-market equities fell for a second day and are headed for a weekly decline as concerns over stretched AI valuations dragged technology shares lower, triggering a selloff across Asia.
- The selloff in technology shares was driven by concerns over the valuations of artificial intelligence (AI) stocks, which appear to be stretched.
- The decline in emerging-market equities is also occurring in the context of rising crude oil prices, which have contributed to the negative market sentiment.