BUSINESSWPLG LOCAL 10 MIAMI
Asian shares plunge as traders sell to lock in profits after recent rallies driven by AI
Asian shares fell sharply on Friday as traders sold stocks to secure profits following recent gains in AI-related sectors. Major indices like Japan's Nikkei 225 and South Korea's Kospi dropped significantly, while Hong Kong's Hang Seng and China's Shanghai Composite also declined. The sell-off followed record highs for the Nikkei and Kospi earlier in the week and mixed performance in U.S. AI stocks.
Mentioned
Related Signal
Adjacent reporting
- Asian shares plunge as traders sell to lock in profits after recent rallies driven by AI
- Asian shares plunge as traders sell to lock in profits after recent rallies driven by AI
- Asian shares plunge as traders sell to lock in profits after recent rallies driven by AI
- Another sell-off for AI stocks drags Wall Street sharply lower
- Asian shares slip after another sell-off of AI stocks on Wall St, while oil prices rise
- Another sell-off for AI stocks knocks Wall Street back to where it was 5 weeks ago