Economy
Asian stocks plunge amid tech sell-off as Nikkei enters bear market
The Nikkei index plummeted nearly 6% and entered a bear market in Japan, following a steep drop in tech and chip stocks amid regulatory fears in the United States.
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The essentials of this story
- What happened
- Asian stock markets plummeted sharply in the wake of a global technology stock sell-off.
- Who is affected
- Investors in Asian stock markets, particularly in Japan, South Korea, and Taiwan.
- What changes
- Japan's Nikkei entered a bear market after accumulating a decline of over 20% from its latest peak.
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