Børsras i Asia
Teknologiaksjer raser etter at inflasjonsfrykten spredte seg på Wall Street.
Asian stock markets experienced a significant downturn on Thursday, with technology stocks leading the decline. This follows higher price growth in the United States, which has increased fears of interest rate hikes, leading to the sharpest fall on Wall Street since late July.
The impact was most severe on Japanese and South Korean markets. Around 6:20am local time, South Korean market movements were heavily influenced by sentiment around the AI boom and tech, resulting in significant swings in recent years. The two largest weightings on the Seoul Stock Exchange are data storage companies. Samsung fell 10.3%, while SK Hynix dropped 11.5%. Tokyo Electron, a supplier of equipment to the data storage industry, fell 7% on the Tokyo Stock Exchange. Tech investment firm Softbank was down 9.8%.
South Korean asset manager Kang DaeKwun told Bloomberg that the valuation of the South Korean stock market has fallen to an extremely low level. This represents very strong, typical movements away from risk, according to T&D Asset Management chief strategy Hiroshi Namioka. Investors are cutting risk and moving as much money as possible into safe havens, the strategist added to Bloomberg. There were declines in several other Asian markets as well, although the magnitude of the slide was not as strong as in Tokyo and Seoul.
Written by urgent.news from E24 Norway's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
