Shares plunge in Tokyo and Seoul after US tech rout
- TOKYO: Japanese and South Korean shares plunged on Friday (Nov 6) after US shares tumbled overnight on worries that midterm election results could slow or derail the artificial intelligence data centre investment boom.
- Both Tokyo's benchmark Nikkei 225 index and Seoul's Kospi were down more than 6 per cent as of 9.20am Singapore time.
- At one point, the Kospi index dived 8.5 per cent to 4,923 - triggering a circuit breaker which suspended trading for 20 minutes.
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- TOKYO: Japanese and South Korean shares plunged on Friday (Nov 6) after US shares tumbled overnight on worries that midterm election results could slow or derail the artificial intelligence data centre investment boom.
- Both Tokyo's benchmark Nikkei 225 index and Seoul's Kospi were down more than 6 per cent as of 9.20am Singapore time.
- At one point, the Kospi index dived 8.5 per cent to 4,923 - triggering a circuit breaker which suspended trading for 20 minutes.
Sources: CNA