Global markets slid on Friday as a sell-off in the US spread to Asia, while concerns mounted over high valuations of companies and growing doubts about whether the Federal Reserve would cut interest rates at its next meeting.
The tech-heavy Nasdaq Composite closed 2.3 per cent lower and the S&P 500 lost 1.7 per cent on Thursday in the US, over tech jitters from the boom in artificial intelligence.
South Korea’s Kospi slipped 2.6 per cent in early trading and Japan’s tech-heavy Nikkei 225 index dropped 1.6 per cent. Taiwan’s Taiex fell 1.4 per cent.
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