Business · Markets · 1 hr ago

Japan and South Korea stocks fall as AI sell-off deepens

Japan and South Korea stocks fall as AI sell-off deepens

Japanese and South Korean stocks fell sharply on Friday morning.

The declines followed a tech sell-off on Wall Street overnight.

Investors are concerned about possible delays to data center construction.

The worry follows a sweeping Democratic victory in the US midterm elections.

Data center construction has become a hot-button issue in the US and beyond.

The sources do not say what happens next.

6 sources

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What people are saying

Anna Wuinvestment strategist and founder of Floodlines Research
This is a ‘blue trade’ panic pricing in policy risk
via Economic Times
plenty of chip and equipment exposure still to unwind. Sentiment could weaken further until the chip side gets a reason to rally.
via Economic Times