Oil Tops $111 as AI Stocks Slide, Dragging S&P 500 and Global Markets

The connection here is the story: energy strength and AI-linked equity weakness are moving together, which blurs the usual read of an oil spike as pure inflation risk and instead suggests a rotation out of the crowded AI trade. Asia's benchmarks absorbing the sharpest hits, so soon after the Kospi's plunge, points to regionally concentrated exposure to chip and AI names rather than a uniform global risk-off. Whether Brent holding above $111 keeps pressuring high-multiple tech, or the two decouple, is the open question worth tracking.