Asian markets fall as tech rotation hits Japan and South Korea; yen hovers near 160
By
Meghavi Singh
1mo ago· 1 min readenNews
Summary
Asian equities mostly declined on Friday as investors rotated out of technology stocks, particularly semiconductor and AI shares, into cyclical sectors. Japan and South Korea saw steep losses as high-flying tech stocks extended their pullback. The yen remained under pressure near the critical 160 level against the US dollar.
Source
bskyAsian markets fall as tech rotation hits Japan and South Korea; yen hovers near 160seekingalpha.comKey quotes
· 3 pulledAsian equities largely declined on Friday as investors booked profits in the technology sector to rotate into cyclical, economically sensitive sectors.
This rotation fueled steep losses in Japan and South Korea, where high-flying semiconductor and artificial intelligence stocks extended their recent pullback.
yen remains pinned near critical 160 mark
Asian equities largely declined on Friday as investors booked profits in the technology sector to rotate into cyclical, economically sensitive sectors. This rotation fueled steep losses in Japan and South Korea, where high-flying semiconductor and artific
You might also wanna read
Japan's Nikkei falls in volatile trade as tech tracks Nasdaq selloff
Business Recorder·9h ago
Seoul shares plummet 5.4% on extended tech losses
The Korea Herald·8h ago
Seoul shares plummet nearly 5% on tech weakness
The Korea Herald·1d ago
Wall Street suffers major losses as AI stocks tumble and oil prices jump
The Independent·23h ago
Wall Street sees mixed performance; Dow rises 0.3%, Nasdaq falls 0.8% as AI stocks slide
timesofindia.indiatimes.com·1d ago
Seoul shares open lower on continued tech losses
The Korea Herald·14h ago
Comments
Sign in to join the conversation.
No comments yet. Be the first.