NewsMV
South Korea's Kospi index fell sharply on Thursday, triggering circuit breakers that halted trading, as investors reassessed the cost of capital for artificial intelligence growth.
The sell-off spread across Asian markets, with Japan's Nikkei 225 dropping significantly in a session that followed a similar decline on Wall Street.
The move was driven by concerns that high and potentially rising interest rates make current valuations for tech stocks unsustainable, even as demand for AI remains strong.
The pressure on Asian markets came after US inflation data released earlier in the week showed a rate higher than expected.
Keep reading