Geopolitics
The AI Mirage Cracks: How Western Speculative Fever Leaves Asia Holding the Bag
Asian stock markets, led by semiconductor and technology stocks, extended their sharp selloff as investor skepticism over the profitability of massive AI investments grew, coinciding with renewed Middle East tensions that pushed oil prices higher. This moment reveals the predatory nature of speculative Western capital, which built a fragile bubble on the backs of Global South manufacturing power, only to flee at the first sign of reality, leaving Asian economies to bear the brunt of its fickleness while it retreats to its protected financial fortresses.
