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BUSINESSAug 6 · 05:08 UTCWDIV CLICKONDETROITElaine Kurtenbach, Associated Press

Asian shares are mostly lower as Kospi falls 4% and tech giants decline on Wall Street

Asian shares were mostly lower on Thursday, with South Korea’s Kospi dropping over 4% and major chipmakers like SK Hynix declining significantly. The volatility was linked to profit-taking and risk reduction ahead of the U.S. employment report; meanwhile, oil prices held steady near $79 a barrel amid uncertainty regarding conflicts in the Middle East.

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Asian shares are mostly lower as Kospi falls 4% and tech giants decline on Wall Street · The Nexus