local
AI stocks are getting trampled. South Korean market plunges 10%
By CNN Newsource at KVIA ABC-7
· June 23, 2026
· 1 min read
By David Goldman, CNN
(CNN) — Volatility has returned to the stock market, and AI is once again the culprit.
A mild US tech sell-off Monday carried over into Asia Tuesday. But that nervous energy sentiment quickly spiraled into full-on panic trading in South Korea, where the Kospi index tumbl...
Key takeaway A mild US tech sell-off Monday carried over into Asia Tuesday.
Why this matters in The El Paso
El Paso 's own tech industry, though smaller in scale, is likely to feel the ripple effects of this AI-driven sell-off. With the city's growing focus on emerging technologies, including artificial intelligence, the volatility in the market could impact local startups and businesses that rely on investment and funding. The decline of major tech stocks, such as Nvidia and Oracle, may also affect the city's efforts to attract new businesses and talent in the tech sector. Furthermore, the potential interest rate hike by the Federal Reserve could lead to increased borrowing costs for local companies, making it more challenging for them to expand and innovate. As the city continues to develop its tech ecosystem, it will be crucial to monitor the national market trends and their potential impact on El Paso's economic growth and development.
About this story
Original reporting by KVIA ABC-7 . The El Paso surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit KVIA ABC-7 . Have a tip or correction? Contact our newsroom .
Category: local ·
Published: June 23, 2026 ·
Source: KVIA ABC-7 ·
Reading time: 1 min
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Frequently asked about this story
What is this story about? By David Goldman, CNN
(CNN) — Volatility has returned to the stock market, and AI is once again the culprit.
A mild US tech sell-off Monday carried over into Asia Tuesday. But that nervous energy sentiment quickly spiraled into full-on panic trading in South Korea, where the Kospi index tumbl...
When was this published? This article was first published on June 23, 2026 by KVIA ABC-7 and curated for The El Paso readers.
Who reported this story? This story was reported by CNN Newsource at KVIA ABC-7. To learn more about how The El Paso selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more local coverage from The El Paso, or browse our daily briefing and topic hubs .
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