Asian Markets Lose $1.2 Trillion After Thursday's US Bloodbath
By Luis Blanco
Asian stock markets lost more than $1.2 trillion in value on Friday. The rout followed a brutal US tech selloff that erased roughly $3 trillion. Investors now wonder whether the AI boom is losing steam or simply undergoing a painful correction. Are All Four Major Asian Markets Now Stuck in a Bear Market? A bear The…
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Explained in this story
Artificial intelligence
Computer systems that perform tasks that normally require human intelligence, such as understanding language, recognising images or making decisions.
AI is changing work, media and public services, raising questions about jobs, safety and regulation.
More about Artificial intelligenceStock market
The set of exchanges where shares of public companies are bought and sold.
Market moves reflect investor expectations about companies and the economy, and affect savings and pensions.
More about Stock marketBear market
A period in which market prices fall substantially, commonly defined as a drop of 20 percent or more from a recent high.
Bear markets often signal economic worries and reduce the value of investments.
More about Bear marketMore in Markets
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