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Asian stocks fall on profit-taking
Asian stocks declined today, Tuesday, after a strong rally, as investors took profits following gains driven by the rise in artificial intelligence stocks. The indices in South Korea, particularly the chip company shares, performed poorly, with the KOSPI index falling by 4.6% after earlier gains, due to a roughly 5% drop in stocks of companies like Samsung and SK Hynix. Japan and China also saw declines, with the Nikkei 225 down by 1.1% and the Shanghai Composite decreasing by 1%. Meanwhile, the Australian and Chinese independent markets remained stable. This downturn came after the markets had previously experienced strong gains, supported by optimism regarding US-Iran talks and improvements in the technology sector.
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