Tokyo and Seoul Stocks Slump After US Tech Shares Fall
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Stock markets in Tokyo and Seoul have experienced a significant decline. This follows a sharp drop in the shares of technology companies in the United States.
Investors are concerned about the results of the midterm elections in the United States, which were held on Tuesday. The Democratic Party gained additional victories in the elections, and these gains have raised concerns among investors.
Investment in artificial intelligence (AI) is considered important for economic growth. Investors are worried that political changes in the United States could affect major investments in this field. As a result, they are taking a cautious approach by selling their shares.
As an open economy, developments in major Asian and US markets are usually followed closely by investors in Malaysia. For now, investors are still waiting for more information about the direction of policy and investment in the AI sector.
Sources: Free Malaysia Today
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