Global Markets Shaken by Tech Woes and Iran Uncertainty Asian shares have declined significantly over the past week, with South Korea's Kospi leading the way down by more than 4%.
This downturn is part of a broader trend reflecting growing unease about the tech sector. The AI boom, which has driven growth and inflated stock prices for many companies, appears to be losing steam.
Profit taking is one reason for this decline, as investors cash in on their gains before Friday's nonfarm payroll report, which could have a significant impact on markets.