Asian Shares Plunge as Traders Sell to Lock in Profits After Recent Rallies Driven by AI
Asian Shares Plunge as Traders Sell to Lock in Profits After Recent Rallies Driven by AI
Publish Date: 2026-06-26 00:38:00
Source Domain: www.usnews.com
- Shares in Asia experienced significant drops on Friday, with Japan’s Nikkei 225 and South Korea’s Kospi leading the declines.
- The Nikkei 225 index dropped by 4.4%, and the Kospi in Seoul plunged 7.7%.
- Other Asian markets, including Hong Kong’s Hang Seng and Shanghai’s Composite, also saw losses, with decreases of 1.9% and 2.1% respectively.
- These movements come amid recent volatility in the AI-related stock market as investors react to changes in the AI sector.
- Earlier in the week, both the Nikkei and the Kospi hit record highs.
