Taiex Record Drop; Kospi Falls 8.7%, Nikkei 6.7% — SkimNews
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- Asian tech stocks tied to the artificial intelligence boom plummeted Friday morning amid fears that US Democrats may delay data centers.
- Taiex recorded a record intraday point drop.
- Kospi fell 8.7%.
- Nikkei fell 6.7%.
Why it matters: Holders of AI-linked Asian equities bore sharp losses, with the Kospi down 8.7% and the Nikkei down 6.7%. The stated concern was fear of delays to data centers by US Democrats, making that policy debate an immediate regional pricing event for technology shares.
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