South Korea Financial Markets
A currency trader watches a monitor near a screen showing the Korea Composite Stock Price Index (KOSPI), top center, and the foreign exchange rate between U.S. dollar and South Korean won, top left, at the foreign exchange dealing room of the Hana Bank headquarters, in Seoul, South Korea, Friday, Feb. 27, 2026.
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Asian shares are mixed after Nvidia's losses pull Wall St lower, as AI-linked layoffs rattle markets
Shares are mixed in Asia after the worst day for Nvidia’s stock since last spring dragged the U.S. market lower. U.S. futures fell as investors focused on comments by Block CEO Jack Dorsey on his company's decision to lay off 40% of its workforce because of labor-saving artificial intelligence. On Thursday, the S&P 500 fell 0.5% and the Dow Jones Industrial Average added just 17 points. The Nasdaq composite sank 1.2%. Despite a stellar profit report, Nvidia's stock had their worst day since April. Companies in industries as far flung as trucking logistics and financial services have seen their stocks come under attack this year by investors worried their businesses may lose out to AI.
