The UK's FTSE 100 index experienced a sharp drop on Thursday, dragged down by a deepening global rout in artificial intelligence and technology stocks. The downturn followed severe market turbulence in the United States and Asia, where technology shares nosedived following recent political developments and mounting investor concerns over an AI slowdown.
As the sell-off spread across European markets, equities retreated rapidly alongside falling oil prices. Analysts noted that the widespread market correction erased previous post-election gains as investors reassessed valuations across the tech and semiconductor sectors.
