Global markets retreated on Friday as a stock rout on Wall Street went global, with volatility gripping precious metals and cryptocurrencies while AI fears weighed on equities.
The MSCI All-Country World Index rallied off intra-session lows to trade flat, but the benchmark was still on track for its worst weekly performance since mid-November, with a decline of 1.6 per cent.
A projected $600-billion AI spending spree by Amazon, Microsoft, Google
