Japan's Nikkei falls more than 6% as Asian markets tumble after Wall Street's AI sell-off
Japan's Nikkei 225 fell 6.2% in Friday morning trading, and South Korea's Kospi briefly fell more than 8%, triggering a circuit breaker that halted trading for 20 minutes. Taiwan's benchmark also fell more than 8%. The drop followed Thursday's sell-off of artificial intelligence and chip stocks, when the S&P 500, Dow and Nasdaq had their worst day since April 2025. The Nasdaq is now in correction territory, more than 10% below its October record.
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Why it matters
Thursday's drop hit the S&P 500, Dow and Nasdaq, the indexes behind many retirement and index funds. The selling was led by artificial intelligence and chip companies, and it spread to Asian chipmakers on Friday.
Sources
- AP via KSAT: Japan's Nikkei falls more than 6% as Asian benchmarks tumble
- The National: Asian stocks plunge after Nasdaq enters correction territory
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