Anxiety over AI spending returns to global markets

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Stocks in South Korea, Taiwan and Japan tumbled Friday, reversing gains from a rally the previous day, as investor anxiety about a potential investment bubble in artificial intelligence bled over to Asia from the United States.

Benchmark indexes in South Korea and Taiwan fell nearly 4% in Asia on Friday. The losses were driven by declines in chip companies, including South Korea’s SK Hynix, which plummeted more than 8%. Taiwan Semiconductor Manufacturing Co. shed more than 4%.

In Japan, the Nikkei 225 index declined 2%. Advantest, a Japanese…



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Anxiety over AI spending returns to global markets



Stocks in South Korea, Taiwan and Japan tumbled Friday, reversing gains from a rally the previous day, as investor anxiety about a potential investment bubble in artificial intelligence bled over to Asia from the United States.

Benchmark indexes in South Korea and Taiwan fell nearly 4% in Asia on Friday. The losses were driven by declines in chip companies, including South Korea’s SK Hynix, which plummeted more than 8%. Taiwan Semiconductor Manufacturing Co. shed more than 4%.

In Japan, the Nikkei 225 index declined 2%. Advantest, a Japanese…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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