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Seoul, Tokyo stocks plunge as Asia suffers fresh tech rout
Seoul, Tokyo and Taipei led losses across Asian stock markets on Tuesday as technology firms plunged on fresh worries about the outlook for the AI investment boom, with traders preparing for a crucial earnings season and release of key US data.Traders are looking ahead to the release of earnings from leading tech firms this month and next, hoping for an idea about their outlook for the AI sector in light of rising borrowing costs and recent volatility.
Seoul, Tokyo and Taipei led losses across Asian stock markets on Tuesday as technology firms plunged on fresh worries about the outlook for the AI investment boom, with traders preparing for a crucial earnings season and release of key US data.Traders are looking ahead to the release of earnings from leading tech firms this month and next, hoping for an idea about their outlook for the AI sector in light of rising borrowing costs and recent volatility.
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