Asian Tech Markets Plunge Amid AI Concerns

Asian tech markets plummeted this week, with South Koreas Kospi and Taiwans Taiex indices dropping by nearly four and three percent respectively. Japans Nikkei two two five index also slid by over two percent. This regional downturn followed a sharp reversal on Wall Street, as investors moved away from riskier assets amidst doubts about AI returns and Fed policy decisions. Financial experts view this as a risk-off rotation, with potential for market stabilization depending on Fed signals. However, current sentiment reflects worries about the AI rallys sustainability, causing tech stocks to take a hit. Leading chip suppliers in Asia also experienced significant losses, further fueling negative sentiment.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.