Nikkei, Kospi, Topix: Weak Amazon figures - Nikkei and Asian tech stocks lose ground
The weak figures from the tech giants Amazon and Intel are having consequences on the Asian stock exchanges. A possible hacker attack on the cryptocurrency exchange Binance is also dampening sentiment.
Asian stock markets are experiencing a downturn due to concerns over the profitability of artificial intelligence investments. This sentiment was triggered by weak earnings reports from US tech giants Amazon and Intel. Shares of Japanese chip suppliers Advantest and Tokyo Electron fell by 9.1% and 5.6%, respectively. The Nikkei index in Tokyo dropped 2.3% to 63,148 points, while the Kospi in South Korea plummeted 5% and the Shanghai stock market lost 0.3%.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
