Asia stocks tumble as AI rout batters Japan, S. Korea
Investing.com · Ayushman Ojha ·
Asia stocks tumble as AI rout batters Japan, S. Korea
Investing.com-- Asian stocks tumbled Friday, with Japan and South Korea leading a broad regional selloff, as investors dumped tech shares amid growing concerns about artificial intelligence investment after the U.S. midterm elections.
The rout followed Wall Street’s steepest single-day decline in more than a year on Thursday. The S&P 500 tumbled 4.4%, the Nasdaq Composite slumped 5.5% and the Dow Jones Industrial Average lost 3.4%. The Philadelphia Semiconductor Index plunged 12.3%.
U.S. stock futures traded mixed in Asian trading on Friday by 07:09 GMT, with Nasdaq 100 Futures rising.
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