Bank CEOs Warn of Correction

Two major bank CEOs have warned of an impending market correction, contributing to a sell-off on Tuesday. This caution influenced investor sentiment, particularly affecting the chipmaking and cryptocurrency sectors.

Impact on Chipmakers and Crypto

The warning from bank leaders significantly impacted the chip and crypto industries, leading to notable declines in stock prices. The pressure from the U.S. markets also extended to international markets, reflecting widespread concern among investors.