# Global Stocks Flat as AI and Rate Fears Hit Tech

> AI and rate fears cause tech stocks to drop globally.
- Title: Global Stocks Flat as AI and Rate Fears Hit Tech · mint
- Summary: AI and rate fears cause tech stocks to drop globally. Global stocks remain flat as AI spending concerns and higher interest rates trigger tech selloffs.
- Keywords: interest rates, tech stocks, global stocks, selloff, dow jones, sp 500, nasdaq, kosp, nikkei 225, us treasury yields, news, Global
- Source: mint — https://livemint.com/market/global-stocks-flat-as-ai-and-rate-fears-hit-tech-11792094723624.html
- Published: 2026-10-15T20:05:23+00:00
- Read time: 1 min
- Topics: ai, interest rates, tech stocks, global stocks, selloff, dow jones, sp 500, nasdaq, kosp, nikkei 225, us treasury yields, news
## Global stocks flat
Global equity markets were flat on Thursday as concerns about AI spending and higher interest rates fueled a continued selloff in technology and chip stocks.
## Wall Street selloff
The Philadelphia SE Semiconductor index was last down 1.7% while the S&P 500 and Nasdaq reversed losses early trade.
## Dow Jones up 1.08%
The Dow Jones Industrial Average rose 1.08% as healthcare and materials stocks led gains.
## Asian markets plunge
South Korea's KOSPI index plunged almost 8% while the Nikkei 225 fell nearly 5%.
## Investor caution
Investors are skittish about AI's path forward with tech chiefs advocating slower frontier model development.
## US Treasury yields drop
Benchmark 10-year US Treasury yields fell 10.29 basis points to 5.087% as inflation pressures spread.
## Dollar slips
The dollar slipped from an 18-month peak as the euro rose 0.47% and sterling gained 0.57%.
## Key takeaway

Global stocks remain flat as AI spending concerns and higher interest rates trigger tech selloffs.