Asian tech shares fall after US selloff
AI · First reported 6 Nov, 02:30 · Updated 02:49
Asian markets dropped after a steep US technology-stock selloff, as investors weighed AI-related spending and the prospects for data-center construction.
- Japan’s Nikkei 225 fell 5.5% in early trading, while South Korea’s Kospi dropped as much as 8.8%, prompting a 20-minute trading suspension.
- The US Nasdaq fell 5.52% on Thursday as investors questioned whether large AI infrastructure investments would generate sufficient profits.
- European stock futures were down 1%; a separate report highlighted the Nikkei falling below 60,000 points and the Kospi below 5,000. [17a320fa-25f3-4ddd-aa92-6e557017def5
Summary written by Lux AI from 2 articles
Key facts
- Nikkei 225
- Down 5.5% in early trading, according to DW; the Financial Times snippet said it fell below 60,000 points.
- Kospi
- Fell as much as 8.8%, triggering a 20-minute trading suspension, according to DW; the Financial Times snippet said it was below 5,000 points.
- Nasdaq
- Fell 5.52% on Thursday.
- European stock futures
- Down 1%.
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Left 0 · Centre 2 · Right 0 of 2 rated sources
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Ownership
- Public broadcaster 50% (1)
- Corporation 50% (1)
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