Nikkei and Kospi down 3.8% and 5.6% respectively
Japan’s Nikkei is down 3.8%, with SoftBank falling 12% due to its bet on OpenAI.
The decline in Asian markets is attributed to the potential delay of OpenAI’s IPO.
South Korea’s Kospi is also down 5.6%, with program trading halted for 5 minutes.
The Shanghai Composite is down 1.7%, adding to the region’s market woes.