Asian Markets Plunge Amid AI Tech Stock Concerns
Update: 2025-11-18
Description
Asian stock markets plummeted earlier this week, with major benchmarks in Tokyo, Seoul, and Hong Kong falling by over three percent. This decline was triggered by a drop in U.S. stocks, primarily due to shares of Nvidia and other AI-focused companies. Investors concern lies in the overvalued tech stocks, leading to a market correction. The upcoming U.S. employment data release could further impact investor sentiment. Meanwhile, the Japanese yen strengthened, reflecting increased risks as Prime Minister Sanae Takaichi plans to boost government spending and delay debt reduction efforts. Tech shares, including chip makers, led the decline in Tokyo, Seoul, and Taiwan.
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