Asian markets mixed as US tech stocks wobble
Asian stock markets were all over the place on Wednesday after a rough night for big US tech companies.
Japan's Nikkei fell over 539 points or 0.99% to 54,180, but South Korea's Kospi jumped over 1% to reach 5,349.
Hong Kong's Hang Seng dipped, and China's Shanghai Composite barely budged, with everyone feeling the pressure from shaky tech stocks.
US tech woes ripple across the Pacific
If you follow stocks or just like to keep an eye on global trends, these market swings show how closely connected everything is—when US tech giants like NVIDIA and Microsoft take a hit (down nearly 3% each), it doesn't stay local.
Even Nintendo dropped over 10% in Japan thanks to concerns about whether the sales momentum of the Switch 2 gaming console, introduced last year, can be sustained.
Investors seek refuge in gold amid market turbulence
With all this uncertainty, investors rushed toward safer bets—gold prices jumped almost 3%, and oil ticked up after some geopolitical drama involving the US and Iran.
It's a reminder that when markets get bumpy, people look for stability wherever they can find it.