FinanceReutersabout 5 hours ago
Asian Stocks Fall as AI Trading Crumbles
3 min read
Asian markets sold off on Thursday as AI trades crumbled following hotter-than-expected US inflation data. The MSCI Asia-Pacific ex-Japan index tumbled 3.3%, led by an 8% plunge in South Korea's KOSPI. Semiconductor stocks extended losses, with Samsung Electronics plunging 9.3% and memory chipmakers SK Hynix and Kioxia Holdings plummeting more than 11% each.
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