Shares plunge in Tokyo and Seoul after US tech rout
Seoul’s Kospi triggered a circuit breaker as Samsung Electronics and SK hynix sank on fears tighter artificial intelligence rules could slow data center spending.
7 Articles
7 Articles
Post-US midterms AI worries pummel shares in Japan, South Korea
Japanese and South Korean shares plunged on Friday after US shares tumbled overnight on worries that midterm election results could slow or derail the artificial intelligence data centre investment boom. Tokyo’s benchmark Nikkei 225 index fell 5.1 per cent to 56,930 points in early trade. Seoul’s Kospi index dived 8.5 per cent to 4,923, triggering a circuit breaker which suspended trading for 20 minutes. Investors had initially cheered Tuesday’s…
Shares plunge in Tokyo and Seoul after US tech rout
TOKYO: Japanese and South Korean shares plunged on Friday (Nov 6) after US shares tumbled overnight on worries that midterm election results could slow or derail the artificial intelligen
The South Korean Kospi sank 8.5%, up to 4,923 units, triggering an automatic interruption mechanism that suspended the quote for 20 minutes.
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