Global equities slumped as major indices dropped amid mounting concerns over AI valuations and interest-rate policy. Meanwhile at the COP30 climate summit in Brazil officials concluded the talks by warning that “denial, division and geopolitics” have severely weakened multilateral cooperation, also known as the most likely cause of human extinction. In Asia the Hang Seng Index fell about 5 percent on fears that the tech-funding boom may be overhyped.

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