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Global stocks sink on fresh investor concerns about a potential AI bubble.

The South Korean market down 8% today.

That is a reflection really of what investors expect about AI globally because these

South Korean chip companies are serving a global market.

Plus, the latest from Tel Aviv as Israel and Iran exchange fire for the first time in months, and an aviation trade group

warns that a number of airlines may not survive the high energy prices brought on by fighting

in the Middle East. It's Monday, June 8th. I'm Lou Vargas for the Wall Street Journal,

and here is the AM edition of What's News, the top headlines and business stories moving your world today.

Global markets are sliding today following Friday's Wall Street route that saw the NASDAQ

fall by more than 4%. Today, Japan's Niki was dragged lower by electronics and metal stocks, while trading of South Korea's

Kaspi Index was halted twice in order to reduce volatility after it briefly fell more than 8%

thanks to big declines by chipmakers Samsung and S.K. Heinex. Peter Landers is the Wall Street

Journal's Asia Business Finance and Economics Editor and joins me now from Singapore.

Peter, help make sense of what has set this off. There was, of course, a stronger than expected jobs report back on Friday that could play some role in it, leading people to believe the Fed might be raising rates this year.

And then two days before on Wednesday afternoon, we had Chipmaker

...