asia tech stock tumble
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.
Country:
- Asia > Japan > Honshū > Kantō > Tokyo Metropolis Prefecture > Tokyo (0.28)
- North America > United States > New York > New York County > New York City (0.25)
- Asia > South Korea > Seoul > Seoul (0.25)
- (4 more...)
Industry:
- Media > News (0.72)
- Information Technology (0.59)
- Law (0.58)
- Banking & Finance (0.56)
Technology: