On Friday morning, Asia-Pacific markets picked up right where U.S. stocks had left off overnight, with chipmakers taking the first hit.
South Korea’s Kospi fell 8.55% to 4,923.47, triggering a circuit breaker and a 20-minute trading halt just minutes after the open. It was the first time in 10 months the index had fallen below 5,000. Samsung dropped 9.98%, and SK Hynix fell 11.71%. Japan’s Nikkei 225 slid 5.1% to 56,930, while Tokyo Electron fell about 9% and Kioxia dropped 13%.
This isn’t just a crypto-market story—it’s a global retreat from AI trades. How China’s A-share market responds at the open, and whether anyone dares to buy the dip before tonight’s U.S. jobs report, will depend on what happens over the next few hours.
South Korea’s Kospi fell 8.55% to 4,923.47, triggering a circuit breaker and a 20-minute trading halt just minutes after the open. It was the first time in 10 months the index had fallen below 5,000. Samsung dropped 9.98%, and SK Hynix fell 11.71%. Japan’s Nikkei 225 slid 5.1% to 56,930, while Tokyo Electron fell about 9% and Kioxia dropped 13%.
This isn’t just a crypto-market story—it’s a global retreat from AI trades. How China’s A-share market responds at the open, and whether anyone dares to buy the dip before tonight’s U.S. jobs report, will depend on what happens over the next few hours.