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NewsWPLG Local 10November 6, 2026Miami-Dade County

Asian shares tumble following artificial intelligence selloff on Wall Street

Photo: WPLG Local 10

Asian stock markets dropped sharply on Friday following a major selloff of artificial intelligence-related shares on Wall Street. Tokyo's Nikkei 225 fell 6.1%, South Korea's Kospi dropped 6.3%, and indexes across Australia, Hong Kong, and Shanghai also saw declines. The market downturn was driven by investor concerns over high borrowing costs for AI data centers, high stock valuations, and potential political hurdles following recent U.S. elections.

Stock MarketsArtificial IntelligenceEconomyTechnology
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Why It Matters

Global stock values dropped significantly as major technology shares fell, affecting retirement accounts and investor portfolios worldwide while bond yields tumbled as investors sought safer assets.

Key Facts

  • Tokyo's benchmark Nikkei 225 slipped 6.1% to 57,332.92, falling below 60,000 points for the first time in nearly half a year.
  • South Korea's Kospi dropped 6.3% to 5,042.65.
  • The S&P 500 fell 4.4% on Thursday, marking its worst day since April 2025.
  • The Dow Jones Industrial Average sank 1,833 points, or 3.4%, and the Nasdaq composite tumbled 5.5%.
  • Nvidia shares fell 9.3%, and Advanced Micro Devices tumbled 17.3%.
  • The yield on the 10-year U.S. Treasury fell to 4.84% from 4.90% late Wednesday.
  • Australia's S&P/ASX 200 lost 0.5% to 9,020.80.
  • Hong Kong's Hang Seng fell 0.9% to 24,567.97, and the Shanghai Composite dipped 1.1% to 3,648.94.
  • Benchmark U.S. crude added 1.3% to $91.67 a barrel, while Brent crude gained 1.7% to $99.93 a barrel.

Who's Mentioned

OrganizationToyota Motor Corp.“Japanese automaker whose stock fell sharply after reporting lackluster profits”OrganizationNvidia“Chip company and face of the AI boom whose stock fell 9.3%”PersonYuri Kageyama“Author of the news article”OrganizationAdvantest Corp.“Japanese technology company whose shares experienced losses”OrganizationSK Hynix“South Korean company whose shares plunged”OrganizationCoreWeave“Company that rents access to AI chips over the cloud and saw stock fall 9.8%”OrganizationSamsung Electronics“South Korean company whose shares plunged”OrganizationAdvanced Micro Devices“Company whose stock tumbled 17.3%”PersonDonald Trump“U.S. President whose 'Liberation Day' tariffs shook markets worldwide”OrganizationGE Vernova“Company helping to power data centers whose stock sank 7.5%”OrganizationSoftBank Group Corp.“Japanese technology company whose shares experienced losses”