World shares are mixed after another sell-off of AI stocks on Wall St,
while oil prices ease
[June 11, 2026] By
ELAINE KURTENBACH
World shares were mixed on Thursday following another sell-off of
artificial-intelligence stocks that dragged the U.S. market sharply
lower.
Oil prices fell after rising earlier as the U.S. launched a second round
of airstrikes against Iran.
In early European trading, Germany's DAX was nearly unchanged at
24,188.88 and the CAC 40 in Paris gained 0.4% to 8,192.55. The FTSE 100
in London added 0.5% to 10,307.39.
The future for the S&P 500 was up 0.8%, while that for the Dow Jones
Industrial Average gained 0.7%.
Tokyo's Nikkei 225 edged up less than 0.1% to 64,217.27 after falling
earlier in the day, while the Kospi in South Korea gained 0.4% to
7,763.95.
Hong Kong's Hang Seng fell 0.7% to 24,249.29, while the Shanghai
Composite index was down 0.2% to 3,987.01.
In Australia, the S&P/ASX 200 likewise shed 0.2% to 8,633.20.
Taiwan's Taiex slipped 0.2% and India's Sensex rose 0.2%.
On Wednesday, Wall Street’s former superstars continue to face heavy
scrutiny.
The S&P 500 dropped 1.6% for its first back-to-back drop in three weeks.
Closing at 7,266.99, it's back to where it was in early May.
The Dow tumbled 1.9% and the Nasdaq composite led the market lower with
a 2% slide.
Wall Street has been shaky since last week, when AI stocks went from
roaring to records to suddenly turn lower. Among the worries is that
their prices may have shot too high, too fast because of AI mania. The
question now is whether the break lower has cleared out excessive
optimism that may have built into their stock prices, or if it’s the
start of a longer downturn.
Micron Technology swung from an early loss of nearly 4% to a modest gain
and back to a loss of 4.7%. It’s coming off a wild stretch where it sank
7.7% last Thursday, then plunged another 13.3% Friday and rallied 9.9%
Monday.
Nvidia, the chip company that’s grown into a nearly $4.9 trillion
behemoth because of the AI boom, was the heaviest weight on the S&P 500
after falling 3.7%. The second heaviest was another AI winner, Broadcom,
which fell 5.1%.
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A screen shows foreign exchange rates at a dealing room of Hana Bank
in Seoul, South Korea, Thursday, June 11, 2026. (AP Photo/Lee
Jin-man)
 Some of the pressure on AI stocks
could also be coming from investors pulling cash out to prepare for
high-profile debuts on the U.S. stock market for several AI giants.
SpaceX’s initial public offering could come later this week, for
example.
Early Thursday, Brent crude oil, the international standard, fell
$1.30 to $91.80 per barrel. It was at around $70 a barrel before the
start of the war in late February.
U.S. benchmark crude oil was down $1.22 to $88.81 a barrel.
Oil prices climbed on Wednesday after President Donald Trump warned
Iran would “pay the price” for stalled negotiations between the two
sides. The war in the Middle East has been keeping the Strait of
Hormuz effectively shut to oil tankers, which has prevented the
delivery of crude from the Persian Gulf to customers worldwide.
High oil prices have sent inflation higher, and a report on
Wednesday showed that prices for U.S. consumers jumped in May at the
highest speed in three years.
Traders are betting the Federal Reserve will have to hike its main
interest rate at least once this year, given price pressures and the
strength of the U.S. job market.
High yields can slow entire economies and undercut prices for all
kinds of investments, including stocks and cryptocurrencies. They
hit investments seen as the most expensive in particular, and some
critics are calling AI a bubble where investment inflated too far.
In other dealings early Thursday, the dollar slipped to 160.54
Japanese yen from 160.56 yen. The euro fell to $1.1534 from $1.1537.
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