Japanese and South Korean stock markets followed overnight U.S. technology stocks down
2025-11-21 00:17:19
Asia-Pacific markets opened lower on Friday, as former U.S. technology stocks fell and investors' hopes for the Federal Reserve to cut interest rates in December weakened. Oracle (ORCL. N) and AMD (AMD. O) were the first artificial intelligence companies to fall, while NVIDIA (NVDA. O) also gave back gains and closed down more than 3%. In addition, last night's belated September jobs report showed that the U.S. economy added 119,000 jobs, more than economists expected. According to CME Federal Reserve Watch, investors latest expected the probability of the Federal Reserve cutting interest rates next month to be about 40%, which is not good for investors who bet on lower interest rates. The morning market showed that technology stocks in Asia were being affected, with the Nikkei 225 index falling more than 2% and SoftBank Group shares falling 8%. In the South Korean stock market, the KOSPI index fell rapidly to 4%, Samsung Electronics fell 5%, and SK Hynix fell 9%. (Jin Ten)
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