Asian markets closed sharply lower on Friday as technology and AI-linked shares came under heavy selling pressure, with South Korea and Japan leading the decline.
South Korea’s Kospi fell 5.81%, after briefly dropping more than 8%, triggering a circuit breaker. Japan’s Nikkei 225 lost 4.15%, while Hong Kong’s Hang Seng fell 1.76% and China’s Shanghai Composite dropped 2.26%.
Tech pressure dominates
The region was hit by heavy selling in semiconductor and AI-related stocks, with investors reassessing valuations after a strong run earlier in the month.
Newshub Editorial – Asia – 27 June 2026
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