Shares in Asia plummeted on Friday, with Tokyo’s Nikkei 225 index shedding 5% to 68,783.50 and the Kospi in Seoul plunging 8.4% to 8,182.54. This downturn follows recent rallies in stocks related to artificial intelligence.
Market Volatility
The wide swings in the market are typical of the recent volatility as investors react to the significant investments in AI data centers and other related areas. On Thursday, the U.S. stock market had a mixed finish, with several AI stocks experiencing a rebound, while Apple shares dropped 6.1% after the company increased prices on many of its products.
The S&P 500 finished nearly unchanged, with a slight dip of less than 0.1%, after swinging between gains and losses throughout the day. The Dow Jones Industrial Average added 71 points, or 0.1%, and the Nasdaq composite fell 0.5%. Micron Technology led the market, jumping 15.7% after reporting higher-than-expected profit and revenue for the latest quarter and giving a stronger growth forecast for the current quarter.
Original reporting: KTBS 3 (Shreveport) — read the source article.
