BUSINESSWDIV CLICKONDETROIT
Asian shares sink, with Tokyo down nearly 5% as slumping AI stocks drag world markets lower
Asian shares fell sharply on Friday, with Tokyo's Nikkei 225 dropping nearly 5% due to heavy selling of AI-related stocks like computer chipmakers. Taiwanese shares also declined over 5%, driven by concerns over unsustainable demand for AI hardware. U.S. markets saw mixed results, with the S&P 500 and Nasdaq losing ground despite better-than-expected corporate earnings.
Mentioned
Related Signal
Adjacent reporting
- Asian shares sink, with Tokyo down nearly 5% as slumping AI stocks drag world markets lower
- Asian shares sink, with Tokyo down nearly 5% as slumping AI stocks drag world markets lower
- SoftBank sinks 8% as Japanese chip stocks track Wall Street AI sell-off
- Slumping AI stocks overshadow gains for the rest of Wall Street, while oil prices drift
- Asian shares mostly decline with South Korea's Kospi down 6.6%, while oil prices slip
- World markets, Wall Street mostly in decline on latest round tech stock selling