Asian stocks fall across the board as tech sell-off and $92 oil weigh on sentiment

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โดย Seeking Alpha·Read original
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Asian stock markets traded in the red on Friday, tracking a sharp selloff on Wall Street as investors voiced growing skepticism over whether heavy investments in artificial intelligence would translate into near-term profitability. The benchmark KOSPI fell 4.95% to around 6,710, snapping a three-day rally, while Japan's Nikkei 225 dropped 2.75% to below 64,900 and the Topix Index fell over 1% to below 4,000. China's Shanghai Composite lost 1.28% to 3,853 and the Shenzhen Component declined 0.6% to 14,041, with Hong Kong's Hang Seng Index falling 1.39% to 24,877. India's SENSEX fell 1.09% to around 75,688, extending its losing streak to a fifth consecutive session, and Australia's ASX 200 slipped 0.71% to 8,813. Crude oil traded above $92 per barrel, while spot gold prices fell toward $4,030 per ounce.

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