Japanese and South Korean tech stocks plummeted on Friday, with tech investor SoftBank plunging more than 10% as fears over an AI bubble weighed on the market.
The selling followed a downbeat session on Wall Street after U.S. jobs data clouded hopes of further interest rate cuts and fears about whether red-hot valuations for artificial intelligence shares are justified.
Seoul's benchmark Kospi index was trading down nearly 4%, while Tokyo's Nikkei index shed 2.3% in morning trade.
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