Asian markets today: Kospi tanks 6%, Nikkei falls as AI-led rally cools, US-Iran war worries linger
β’ Asian markets experienced a significant downturn on Friday, highlighted by South Koreaβs Kospi index tumbling 5.7% and Japan's Nikkei 225 slipping 1.1%. β’ The slump was driven by a cooling AI-led rally, with major tech stocks like Samsung Electronics and SK Hynix falling approximately 6% and 8%, respectively. β’ Other regional indices were also affected, including a 2.41% drop in the Kosdaq and a 0.2% decline in Australiaβs S&P/ASX 200.
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