European markets open mixed as AI stock sell-off spreads from Asia; South Korea drops 5%
By
Doloresz Katanich
Toasted to a respectable shade. No regrets, no crumbs left.
Summary
European markets opened mixed on Friday following steep declines in Asian markets, driven by a sell-off in AI stocks. The FTSE 100 and DAX fell into negative territory, while the Paris CAC 40 and IBEX 35 saw slight gains. South Korea's benchmark index dropped over 5%, and US markets experienced sharp declines in major AI-related stocks on Thursday. Investors are awaiting the latest US non-farm payrolls report.
Key quotes
· 3 pulledIndices in London and Frankfurt quickly moved into negative territory, with the FTSE 100 dropping nearly 0.4% and the DAX losing 0.3% right after the opening.
The Paris CAC 40 and the IBEX 35 in Madrid were both up 0.3%, while Milan's main index was flat.
Investors are awaiting the latest US non-farm payrolls report and keeping an eye on
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