Why Stock Markets Cratered: RAM Chips, Japan, and Greenland
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Stock markets experienced a significant downturn due to a combination of factors, including a shift in the AI chip sector as Micron Technology halted its consumer chip division, leading to RAM shortages. Japan's bond yields reached highs not seen in decades, raising concerns about stock valuations. Additionally, Trump's tariffs on European countries sparked fears of a hostile acquisition of Greenland, contributing to the market sell-off, with major firms like BlackRock and Citigroup seeing declines.
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