Asian stock markets mostly declined on Friday, mirroring losses on Wall Street as technology and artificial intelligence-related shares came under renewed selling pressure following disappointing earnings from major US tech companies.
Persistent concerns about the AI trade have also weighed on Asian To ensure this doesnât happen in the future, please enable Javascript and cookies in your browser
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh. Entering text into the input field will update the search result below Quick Insights Disappointing earnings from major US technology companies renewed concerns about returns on massive AI investments, leading to selling pressure in technology and AI-related shares.
Japanâs Nikkei fell 1.3% and South Koreaâs KOSPI plunged 5.46%. Mainland Chinaâs Shanghai Composite and Shenzhen Component also declined, while Hong Kongâs Hang Seng and Australiaâs S&P/ASX 200 rose. Bitcoin fell to $76,000 amid news of a Binance security breach, gold dropped below $4,000 per ounce, and US stock futures fell sharply.