Asian shares plunge as traders sell to lock in profits after recent rallies driven by AI
• Asian stock markets plunged on Friday, with Japan's Nikkei 225 dropping 4.4% and South Korea's Kospi crashing 7.7%. • The sell-off was driven by traders locking in profits following a period of significant rallies in stocks tied to artificial intelligence. • Other regional markets were also affected, including Hong Kong's Hang Seng, which lost 1.9%, and the Shanghai Composite, which slipped 2.1%.
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