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Post-US midterms AI worries pummel shares in Japan, South Korea

Post-US midterms AI worries pummel shares in Japan, South Korea
Key Points

Japanese and South Korean shares plunged on Friday after US shares tumbled overnight on worries that midterm election results could slow or derail the artificial intelligence data centre investment boom. Tokyo’s benchmark Nikkei 225 index fell 5.1 per cent to 56,930 points in early trade. Seoul’s Kospi index dived 8.5 per cent to 4,923, triggering a circuit breaker which suspended trading for 20 minutes.

Japanese and South Korean shares plunged on Friday after US shares tumbled overnight on worries that midterm election results could slow or derail the artificial intelligence data centre investment boom. Tokyo’s benchmark Nikkei 225 index fell 5.1 per cent to 56,930 points in early trade. Seoul’s Kospi index dived 8.5 per cent to 4,923, triggering a circuit breaker which suspended trading for 20 minutes. Investors had initially cheered Tuesday’s Democratic drubbing of US President Donald Trump’s... [Image text:] B 26/11/69:49 57308.77 Matt -3769.13-6.17 NQN MPRES 11293 VP t 11/6 09:49 Cuck 3689.9109 +3.7384 51523.06 -1833.06 Nifty 50 PSEi 24536.60 +576.00 NASDAQ 24314.997 -1421.516 0941NQN*-X
Post-US (ORG) Japan (LOCATION) South Korea (LOCATION) Japanese (ORG) South Korean (ORG) US (LOCATION) Tokyo (LOCATION) Seoul (LOCATION) Kospi (PERSON) Democratic (ORG) Donald Trump (PERSON)
Originally published by South China Morning Post Read original →