World shares sink, with Kospi down 5.8% and Nikkei shedding 4.2% - KIRO 7 News Seattle
• Global stock markets in Europe and Asia experienced a significant downturn as traders sold off shares to lock in profits from recent artificial intelligence-driven rallies. • Major losses were seen in South Korea's Kospi (-5.8%), Japan's Nikkei (-4.2%), Taiwan's Taiex (-3.6%), and China's Shanghai Composite (-2.3%), while Australia's S&P/ASX 200 slightly gained 0.2%. • This volatility follows a period of record highs for Japanese and South Korean shares, fueled by strong earnings reports from chipmakers Qualcomm and Micron Technology.
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