24 Hrs
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الوئام
Asian markets decline on tech stocks
Most Asian stocks fell, led by South Korea and Japan, following a new wave of weakness in semiconductor company shares after recent gains supported by artificial intelligence stocks. The Kospi index declined by more than 4%, with Samsung, SK Hynix, and LG Innotek shares falling, while the Japanese Nikkei 225 dropped 1.2%. Despite the stability of Nasdaq futures and a limited decline in the S&P 500, technology stocks gave up some of their gains due to investors' reassessment of AI company valuations. Meanwhile, Chinese markets showed relatively steady performance, whereas Hong Kong and Singapore indices declined further as investors took profits after a period of gains.
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