Asian stock markets opened lower following Wall Street's rout, as investors again shunned riskier assets. Stocks in Japan and Australia fell, followed by Hong Kong futures. Pressure came primarily from the technology sector, with the Nasdaq 100 falling 1.9% and Nvidia shares plummeting 3.8% to their lowest level since September, dampening global sentiment. The massive sell-off in technology stocks reflected growing investor skepticism about the high valuations and heavy spending of companies involved in the artificial intelligence (AI) boom. Concerns over data center construction costs and...
Japanese stocks fell sharply in today's trading, with the Nikkei index falling 1.7% to 48,669.70. This decline followed Wall Street's overnight plunge, as global market sentiment was dominated by investor risk aversion. The greatest pressure came from artificial intelligence (AI) stocks. Investors began to withdraw after several major players in the cloud infrastructure sector withdrew from data center projects. This situation raised concerns about the future growth prospects of the AI sector. SoftBank Group was one of the worst-performing stocks, plummeting 6.7%, followed by Lasertec...
Hong Kong stocks fell 53 points, or 0.2%, to 25,416 in Thursday morning trading, reversing the previous session's gains after Wall Street closed significantly lower overnight due to lingering concerns over AI valuations and caution ahead of November inflation data. Caution is also growing ahead of policy meetings by several central banks in Europe and Asia scheduled for today and Friday. Meanwhile, mainland Chinese stocks were sluggish after Wednesday's rally, with investors awaiting China's foreign direct investment figures for the first 11 months, expected to be released today. From...