K-SignalAI-generated
Asian markets plunge on US tech selloff
Asian markets fell sharply on Oct. 30 as U.S. big tech earnings and AI investment concerns triggered a selloff. Korea's KOSPI plunged 3.48% to close at 5,730.74, with the KOSDAQ down 3% (KBS World). The Korea Times reports the KOSPI fell over 3% Friday, led by Samsung Electronics and SK hynix, while Yonhap notes Seoul shares dipped over 3% on tech losses. Business Korea says the KOSPI opened sharply lower below 6,000 and closed down 3.5%, barely holding 5,700, amid global tech rout and Fed tightening worries. The Korea Times also reports the KOSPI sank over 5% late Friday morning, and that the KRX activated a sell-side sidecar for the KOSPI on the sharp fall. Maeil Business reports Asian markets, including Japan's Nikkei (down 2%) and Taiwan, fell together on AI profitability concerns. Korean investors reacted with alarm, as Hankyung reports foreigners dumped 1.6 trillion won, calling it a 'scream' over the U.S.-originated bad news.
- KOSPI falls 3.48% as US tech earnings fuel AI investment concerns
- (URGENT) Seoul shares dip over 3 pct on tech selloff amid AI concerns
- [Opening Market] KOSPI Opens Sharply Lower Below 6,000 on U.S. Big Tech Plunge
- [Closing Market] KOSPI Plunges 3.5%, Barely Holding 5,700 Level Amid Global Tech Rout
- Seoul stocks down over 5% late Fri. morning on tech losses amid AI concerns
- KOSPI Down 3.48% Friday
- KRX activates sell-side sidecar for KOSPI on sharp fall
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