Nikkei Enters Bear Market as Asian Stocks Slump
Japan's Nikkei entered a bear market and South Korea's Kospi fell about 9% as a global sell-off spread across Asia. The fall followed a sharp drop on Wall Street, driven by worries about slower spending on AI.
Context
Context: A bear market generally means a fall of 20% or more from a recent peak. Asian exchanges often follow Wall Street moves, since global investors trade across these markets at the same time.
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