Asian shares plunge as traders sell to lock in profits after recent rallies driven by AI - The Durango Herald
β’ Asian stock markets plunged on Friday, with Taiwan's Taiex dropping 3.6%, Hong Kong's Hang Seng losing 1.7%, and the Shanghai Composite slipping 1.4%. β’ The sell-off was driven by traders locking in profits following recent rallies in AI-related stocks, particularly after record highs in Japan and South Korea. β’ This volatility follows a surge of investment into AI data centers and strong earnings reports from chipmakers Qualcomm and Micron Technology.
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