Asia tech stocks tumble on AI bubble fears

Japanese and South Korean tech stocks tumbled Friday, with Softbank falling over 10% amid AI bubble concerns. HONG KONG - Japanese and South Korean tech stocks plummeted on Friday, with tech investor SoftBank plunging more than 10% as fears over an AI bubble weighed on the market. The selling followed a downbeat session on Wall Street after U.S. jobs data clouded hopes of further interest rate cuts and fears about whether red-hot valuations for artificial intelligence shares are justified. Seoul's benchmark Kospi index was trading down nearly 4%, while Tokyo's Nikkei index shed 2.3% in morning trade. In a time of both misinformation and too much information, quality journalism is more crucial than ever.