Asian markets slide broadly; Nikkei plunges 4% as tech selloff spreads

1. 1On the 17th, Asian stocks fell across the board, with Japan's Nikkei 225 plunging 4% and leading the regional decline.
2. 2Despite strong earnings and a positive AI demand outlook, TSMC dropped 5% on the Taiwan market on concerns over expanding capex, while China's Shanghai Composite (-1.6%) and Hang Seng (-2%) also declined in tandem.
3. 3Hawkish remarks from Fed officials and a sixth consecutive day of US airstrikes on Iran pushed oil prices up about 10% for the week, heightening market caution.

Source Reuters +1 · View original ↗

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