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A series of articles chronicling ongoing fluctuations in global stock markets, particularly focusing on reactions in Asian equities to developments on Wall Street, including changes in inflation data and the performance of AI-related stocks.
Asian shares tumbled Wednesday as a global bond market sell-off deepened and Wall Street slipped a day earlier. Tokyo's Nikkei 225 dropped 3% and South Korea's Kospi lost 3.6%, while U.S. futures also declined.
South Korea's Kospi led Asian markets lower on Wednesday, dropping 5.2% to 6,515.97 as artificial-intelligence stocks resumed their decline after Wall Street pulled back from its all-time high. Samsung Electronics shed 6.9% and memory chipmaker SK Hynix tumbled 7.9%, tracking losses for their U.S. rivals.
Asian shares mostly declined Friday as US stock futures were little changed, a day after Wall Street rallied to fresh records on a US wholesale inflation report that came in better than economists had expected. The Thursday report showed wholesale prices were 4.7% higher in July than a year earlier, easing from a 5.5% annual rate in June, according to the Associated Press.