Elice

Global equity markets fell sharply on Tuesday as investors reacted to overnight curfews imposed on French cities following riots, the cancelation of Saudi Arabia's flagship investment conference after Houthi attacks, and oil prices reaching $111 per barrel. The sell-off was compounded by a poor debut for South Korean AI firm Elice, whose shares lost 30% on listing, and signs that the US third-quarter earnings season is off to a historically weak start.

Wall Street’s AI relief rally stalled in Asia and Europe on Tuesday, with credit concerns around neocloud provider CoreWeave and a disastrous debut for South Korean AI data centre firm Elice keeping investors on edge. Brent crude rose to $111 a barrel as Iran-linked attacks intensified, while markets await earnings reports from Netflix and SpaceX after the close.