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China, HK stocks open lower as global tech selloff spreads to Asia
China and Hong Kong stocks opened lower, mirroring regional declines as investors worried about the AI rally's sustainability. Strong U.S. jobs data fueled fears of Federal Reserve rate hikes, impacting tech shares, including Nvidia supplier Zhongji Innolight. Wall Street also saw a significant tech stock drop on Friday.
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straitstimes.com
Asia tech stocks slide as cracks emerge in AI rally
The sell-off was biggest in South Korea, where the Kospi index sank as much as 7 per cent. Read more at straitstimes.com. Read more at straitstimes.com.
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channelnewsasia.com
Asian stocks take another hit from AI, Middle East worries
HONG KONG: Asian equities went into reverse on Friday (Jun 5) on continued worries about the artificial intelligence trade after disappointing forecasts from chip titan Broadcom,…
