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A sea of red on Wall Street - chipmakers plummet as AI takes a major hit, with the Nasdaq posting its worst day in 19 months. Elsewhere, the sell-off bleeds into Asia, battering Japanese and South Korean stocks and triggering a circuit breaker on the Kospi. And the Bank of England says it expects inflation to peak at 5 percent by the middle of next year, as it hikes rates for the first time in over 3 years.
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