Business & Finance
AI Selloff Drives Asian Stock Markets to Fresh Grim Milestones
Key Points
AI Selloff Drives Asian Stock Markets to Fresh Grim Milestones Asian markets are notching fresh grim milestones as the artificial intelligence selloff deepened following the Democrats’ decisive midterm election win. Tech-heavy markets are bearing the brunt of the rout, with Japan’s Nikkei 225 Stock Average and Taiwan’s Taiex Index on course to enter technical bear markets. South Korea’s Kospi gauge plunged as much as 8.8% at one point, triggering a trading halt and briefly falling below the...
AI Selloff Drives Asian Stock Markets to Fresh Grim Milestones
Asian markets are notching fresh grim milestones as the artificial intelligence selloff deepened following the Democrats’ decisive midterm election win.
Tech-heavy markets are bearing the brunt of the rout, with Japan’s Nikkei 225 Stock Average and Taiwan’s Taiex Index on course to enter technical bear markets. South Korea’s Kospi gauge plunged as much as 8.8% at one point, triggering a trading halt and briefly falling below the closely watched 5,000 level.