On a Thursday in mid-October, Asian markets slid as investors pulled back from technology shares, a retreat that began on Wall Street after inflation came in hotter than expected. Seoul and Tokyo bore the sharpest losses, a reminder of how closely the fortunes of distant trading floors are bound together. It is a moment that asks how much confidence the world's investors still place in the future value of the companies that have carried recent markets, and the answer will take more days to reveal itself.
A tech sell-off drags Asian stocks lower as markets in South Korea and Japan sink
Asian shares are falling sharply with markets in South Korea and Japan sinking…
Mark
What happened here?
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A tech sell-off drags Asian stocks lower as markets in South Korea and Japan sink.
Mark
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Asian shares are falling sharply with markets in South Korea and Japan sinking as a sell-off of technology shares deepens. The declines in Asian shares follows losses on Wall Street after hotter-than…
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Follow this story as developments unfold across multiple outlets.
Der Puls
- Shares in Seoul and Tokyo are sinking fast as technology stocks lead a sell-off that refuses to ease.
- A hotter-than-expected U.S. inflation reading has jolted Wall Street and sent its shockwaves east across Asia.
- Investors are weighing whether the tech retreat is a passing jolt or the start of a deeper reassessment.
- U.S. equity futures are mixed, leaving traders unsure whether the losses will steady or spread further.
On a Thursday in mid-October, Asian markets slid as investors pulled back from technology shares, a retreat that began on Wall Street after inflation came in hotter than expected. Seoul and Tokyo bore the sharpest losses, a reminder of how closely the fortunes of distant trading floors are bound together. It is a moment that asks how much confidence the world's investors still place in the future value of the companies that have carried recent markets, and the answer will take more days to reveal itself.
Asian stock markets fell sharply on Thursday, with South Korea and Japan leading the decline. The selling centered on technology shares, which had already been battered on Wall Street after U.S. inflation data came in hotter than economists had expected.
The trouble spread quickly across time zones. Traders who had watched American markets drop overnight arrived to find their own screens turning red, and the technology companies that power so much of the region's economy were the hardest hit. Markets elsewhere in Asia followed in a more subdued way.
Even as the day unfolded, U.S. stock futures were mixed, offering no clear signal about whether the slide would steady. For now, the region waits to see whether the inflation shock is a brief fright or the beginning of a longer correction.
A story is developing around A tech sell-off drags Asian stocks lower as markets in South Korea and Japan sink. Asian shares are falling sharply with markets in South Korea and Japan sinking as a sell-off of technology shares deepens. The declines in Asian shares follows losses on Wall Street after hotter-than-expected inflation data in the U.S. Sou…
HONG KONG (AP) — Asian shares fell sharply Thursday with markets in South Korea and Japan sinking, as a sell-off of technology shares deepened after U.S. stocks fell on hotter-than-expected inflation data. U.S. equity futures were mixed. S…
This account is still unfolding. More context will surface as other outlets pick up the thread and add their own reporting.
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Das Original lesen bei The Atlanta Journal-Constitution ↗
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