US tech sell-off hits stocks in Seoul and Tokyo
South Korea's benchmark Kospi stock index plunged more than 8 percent in early trading on Friday, triggering a circuit breaker as a sell-off led by chip and technology stocks pushed the index below the 5,000-point mark for the first time in nine months. The Korea Exchange (KRX) activated a 20-minute circuit breaker at 9.03am (0003 GMT), temporarily halting all stock and derivatives trading. The benchmark Kospi was down around 500 points, or 8.6 percent, at 4,923.47 as of 0026 GMT. "It is time for correction, but we feel that there may be some overreaction to the outcome of the midterm election," said Jun Kwang-woo, chairman of the Institute for Global Economics, a financial think tank in Seoul, "Hopefully we will stabilise very soon because after all, we understand that the speed of building AI infrastructure, especially data centres may slow down a bit because of the number of concerns in many states including Texas," said Jun, who is a former chairman of South Korea's National Pension Service. US stock markets suffered their worst single-day session in more than a year on Thursday, led by a sharp unwind in high-flying technology and semiconductor shares. Fresh uncertainly over policies on AI and data centres following the sweeping gains...
Read full articleMore News
Trump says FBI investigating Nvidia boss's affair with alleged Chinese spy
The US president said he spoke with Jensen Huang on Monday and asked him about the affair with the alleged spy.
Justice Dept. Accuses Lyft of Disability Discrimination in Lawsuit
The department said Lyft and its drivers routinely deny rides to people who use stowable wheelchairs or travel with service animals. Lyft disputed the allegations.
Final chapter for bookshop after rise in bills
The Chicken and Frog in Brentwood says business rates and electricity bills have risen dramatically.
New chief outlines main issues facing Isle of Man
The chief minister says connectivity and food storage were among his top government priorities.
Australia considers criminal penalties for rogue AI in wake of OpenAI hack
AI safety regulator will also be created after a rogue OpenAI agent hacked government websites.
‘We Used to Be a Wealthy City’: Auto Woes Slam German Towns
The downturn in the automotive industry has done away with services and benefits that residents of Friedrichshafen, a lakeside city, once enjoyed.
Californians reject wealth tax for billionaires
Proposition 40 targeted Californian billionaires with a 5% tax on their total wealth, including assets such as shares as well as income.
Lawsuit Says Republican Strategist Alex Bruesewitz Took Money From Qatari Interests
The suit claims that any payments to Alex Bruesewitz, a Republican strategist, could have violated federal law. He has denied ever taking such funds.
Qantas to outsource 850 local jobs with most roles moving to India
The Australian airline said the move was aimed at modernising its IT systems and noted the impact of AI.
Exxon Strikes Preliminary Deal to Return to Venezuela
The agreement brings the biggest U.S. oil company a step closer to pumping oil again in Venezuela, nearly two decades after it left the country.
I took Vinted to court to get my money back
The BBC hears from Vinted sellers who describe difficulties accessing money held in their online wallets.
The superpower battle over energy – and what it means for your bills
A tug-of-war between China and the US could have a big impact on energy costs, but who will win?