$550B Wiped Out as Asia’s AI Stocks Crash, Bitcoin Jumps 4%
6 Articles
6 Articles
The Asian Stock Exchanges close in scattered order, weighed down by the decline in the technology sector after the outcome of the elections in the United States. (ANSA)
Investors fear that Democrats' election victory could slow down the expansion of AI data centers. While chip stocks are under pressure, industries in Japan benefit from falling oil prices.
$550B Wiped Out as Asia’s AI Stocks Crash, Bitcoin Jumps 4%
The post $550B Wiped Out as Asia’s AI Stocks Crash, Bitcoin Jumps 4% appeared first on Coinpedia Fintech News A massive sell-off hit Asian stock markets today, wiping out nearly $550 billion from South Korea, Taiwan and Japan, sending chipmakers stocks sharply lower. The decline came as investors worried that stricter data center rules following the Democrats’ midterm victory could slow AI spending. While AI stocks fell sharply, Bitcoin, the lea…
Stock markets are mixed in Asia on Thursday morning, the krona is strengthening and the price of oil is plummeting. The big tech giants rushed on the Democrats' landslide victory in the US congressional elections, on hopes that unpopular planned AI data center expansions will be stopped and that the giants will thus have positive cash flows again, which in turn will lower the AI sector. As expected, the Riksbank raised its key interest rate desp…
Asian stock markets are mixed on Thursday, and even within the specific technology segment, there are wildly varying directions.
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