{
  "id": 18431603,
  "title": "Japan’s Nikkei plunges 5.7%, South Korea’s Kospi falls 7.4% amid AI stock rout",
  "url": "https://urgent.news/2026/11/06/japans-nikkei-plunges-5-7-south-koreas-kospi-falls-7-4-amid-ai-stock",
  "topic": "ai",
  "section": "AI",
  "published": "2026-11-06T03:22:36.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/stock-markets/japans-nikkei-plunges-57-south-koreas-kospi-falls-74-amid-ai-stock-rout/article71672730.ece"
  },
  "original_language": "en",
  "account": "Japan's Nikkei 225 index fell by 5.7% early Friday, while South Korea's Kospi dropped 7.4%. The sell-off in AI-related stocks on Wall Street triggered the decline in Asian markets. The Nikkei 225 recovered slightly but closed at 57,576.63, down 5.7%. In South Korea, the Kospi ended at 4,985.99, down 7.4%, driven by Samsung Electronics shares falling 7.9%. Hong Kong's Hang Seng index slipped 0.7% to 24,630.03, and Shanghai's Composite dropped 1.3% to 3,642.10. Global stock markets faced pressure from the ongoing decline of AI-related companies, raising concerns about potential slowdowns in AI data center construction due to expensive borrowing costs. Critics claim AI stock prices had exceeded their fair value, indicating a bubble. Toyota and Nintendo reported weaker than expected earnings, causing their stock prices to decline. On Wall Street, the S&P 500 fell 4.4%, the Dow Jones Industrial Average dropped 1,833 points, and the Nasdaq composite plummeted 5.5%, marking the largest one-day decline since April 2025. Nvidia, the leading AI chip company, saw its stock plummet 9.3%, making it the biggest loser on the S&P 500, with a year-to-date loss of 2.6%.",
  "summary": "Concerns over expensive AI infrastructure, stretched technology valuations and potential data centre construction delays have intensified selling pressure across global equity markets",
  "key_points": [
    "Nikkei 225 index drops 5.7% Friday",
    "South Korea's Kospi declines 7.4%",
    "AI stock rout triggers Asian market sell-off"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 4,
    "also_reported_by": [
      {
        "outlet": "Nikkei Asia",
        "title": "Japan, South Korea stocks plummet as AI selloff accelerates",
        "url": "https://urgent.news/2026/11/05/japan-south-korea-stocks-plummet-as-ai-selloff-accelerates",
        "published": "2026-11-05T22:46:51.000Z"
      },
      {
        "outlet": "South China Morning Post",
        "title": "Post-US midterms AI worries pummel shares in Japan, South Korea",
        "url": "https://urgent.news/2026/11/06/post-us-midterms-ai-worries-pummel-shares-in-japan-south-korea",
        "published": "2026-11-06T02:31:40.000Z"
      },
      {
        "outlet": "Times of India",
        "title": "Kospi tumbles over 7%, Nikkei sheds 3,000 points as AI-linked shares drag markets",
        "url": "https://urgent.news/2026/11/06/kospi-tumbles-over-7-nikkei-sheds-3-000-points-as-ai-linked-shares",
        "published": "2026-11-06T04:02:57.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}