Asian equities slumped Friday as the rout in stocks tied to the artificial-intelligence boom continued, sending tech-heavy indexes hurtling toward bear-market territory. The Nikkei 225 fell 2.1%, the Hang Seng Index dropped 3.4%, and the KOSPI lost 2.8%, extending a week-long decline. Investors fled high-multiple AI plays amid concerns over slowing revenue growth and rising valuations.
The MSCI Asia Pacific Index entered correction territory, down more than 10% from its recent peak. Analysts cited profit-taking and a stronger U.S. dollar as additional headwinds. Meanwhile, semiconductor makers such as TSMC and Samsung saw sharp sell-offs, reflecting broader risk-off sentiment across the region.
Source: Wall Street Journal Markets · Summarized by HeadlinesBriefing