ASX set to slip, Wall Street hit by tech rout; Binance sees withdrawals spike as it returns online
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Tech stocks experienced a selloff that intensified as investors grew concerned. Market participants worried that the excitement surrounding artificial intelligence pushed prices too high. This volatility impacted Wall Street and set the ASX for a decline.
A selloff for tech stocks got even worse on worries that Wall Street’s frenzy around artificial-intelligence technology sent prices too high.