Asian shares sink, Tokyo down nearly 5% as AI stock rout deepens

Price Action Impact 4
โดย Associated Press·Read original
Summary · why it matters

Asian shares skidded Friday, with Tokyo's Nikkei 225 down 5% as heavy selling of computer chipmakers and other AI-related shares dragged markets lower. Shares in Taiwan also fell more than 5%, while South Korean markets were closed. Stocks related to artificial intelligence have been under pressure for weeks amid concerns that their prices have shot too high and that voracious demand for computer memory and processors may not be sustainable if AI fails to deliver expected profit and productivity gains. On Thursday, the S&P 500 fell 0.5%, the Dow Jones Industrial Average dipped 0.2%, and the Nasdaq composite lost 1.5%, even as more U.S. companies reported better-than-expected quarterly earnings.

Impact on stocks 1

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