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Post-US midterms AI worries pummel shares in Japan, South Korea

Japanese and South Korean shares plunged on Friday after US shares tumbled overnight on worries that midterm election results could slow or derail the artificial intelligence data centre investment boom. Tokyo’s benchmark Nikkei 225 index fell 5.1 per cent to 56,930 points in early trade. Seoul’s Kospi index dived 8…

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Tech stocks lead declines in Hong Kong, mainland China on US$2.3 trillion carnage in US

Stocks in Hong Kong and mainland China dropped on Friday, tracking a meltdown in US technology companies that erased more than US$2 trillion in market value on concerns that a Democrat-controlled Congress could upend the breakneck expansion of the AI industry. The Hang Seng Index fell 1.3 per cent to 24,481.86 at th…

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‘Mindful’ of AI exposure: wealth managers at Hong Kong summit urge balance in portfolios

Before tech stocks plummeted in the US overnight, executives at a private wealth conference in Hong Kong highlighted AI infrastructure as a versatile “defence plus growth” investment opportunity, while cautioning investors against portfolios that were overreliant on artificial intelligence. “Infrastructure opportuni…

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Seoul stocks open sharply lower on AI fears after US midterms

Seoul stocks opened sharply lower Friday, tracking an overnight rout on Wall Street as investors feared a Democratic sweep in Congress could decelerate the data center build-out. The benchmark Korea Composite Stock Price Index was down 460.33 points, or 8.55 percent, to 4,923.47 as of 9:25 a.m. After opening over 2 …

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Samsung, SK hynix slide 10% as AI data center fears spread

Blue-chip semiconductor stocks plunged around 10 percent during intraday trading Friday, dragging the benchmark Kospi below the 5,000-point mark as investor sentiment was rattled by a sharp overnight sell-off in major technology stocks on Wall Street following the US midterm elections. The benchmark Kospi opened at …

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How Singapore confronts AI fears of ‘broken’ career ladder, no pause button

Singapore is seeking to flip the script by turning its land and manpower constraints into reasons to embrace AI instead of fearing it, even as the technology carries the spectre of job losses and cyberthreats in the wrong hands, a senior official has said. Minister for Digital Development and Information Josephine T…

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Hong Kong police to enable AI facial recognition on CCTV network this month

Hong Kong police will enable artificial intelligence-powered facial recognition technology across their expanding smart surveillance network this month to improve the tracking of missing persons or suspects, with plans to save the data it generates for up to 180 days. The force said the facial recognition technology…

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[Graphic News] Seoul ranks third globally in AI cities index, tops AI adoption

Seoul ranked third overall and first in artificial intelligence adoption and use in the 2026 AI Cities Index released by The Observer, according to the Seoul Metropolitan Government. The San Francisco Bay Area topped the ranking, followed by New York, while Seoul placed ahead of Beijing, Paris and London. The index …

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The AI sell-off is a taste of things to come

There are good reasons for investors to be bullish about artificial intelligence (AI). The earnings of technology firms in the S&P 500 are expected to increase 54 per cent this year. For the index as a whole, profits will rise 33 per cent, turbocharged by the tech and energy sectors, data from FactSet shows. In Asia…

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AI storm dooms tech stocks to US$2 trillion decline on darkest day since 2025

Tech-led Nasdaq notched its deepest one-day drop since ‘Liberation Day’ in April 2025, wiping out trillions in market value on fears of more AI scrutiny, particularly on data centre construction, after Democrats won big in US midterm elections. The Nasdaq Composite fell 5.5 per cent on investor fears that the Democr…

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Google, Meta and TikTok sue California to block law protecting children from addiction risk

Law bans social media platforms from providing minors features such as autoplay that lead to compulsive useGoogle, Meta and TikTok have sued California to block enforcement of ⁠a new state law intended ⁠to limit the risk ​of addicting children under 16 to social media platforms.The law, known as Assembly Bill 1709, …

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Tuttle Files For New Credit Default Swap ETFs To Bet Against AI Debt

Tuttle Files For New Credit Default Swap ETFs To Bet Against AI Debt Tuttle Capital Management has filed with the SEC to launch five new ETFs that would give everyday investors exposure to a growing concern on Wall Street: the massive amounts of debt being taken on to finance the AI boom, according to the SEC Prospe…

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