{"slug": "asian-markets-sell-off-after-ai-driven-rallies-prompt-profit-taking", "title": "Asian markets sell off after AI-driven rallies prompt profit-taking", "summary": "Asian markets plunged Friday as investors sold to lock in gains from recent AI-driven rallies, with Tokyo's Nikkei 225 shedding 5% and Seoul's Kospi plunging 8.4%. Major semiconductor names including Samsung Electronics and SK Hynix posted double-digit losses, even as Micron Technology jumped 15.7% in U.S. trading on strong quarterly results.", "body_md": "Asian shares plunged Friday as traders sold to lock in gains from recent AI-driven rallies, the Associated Press reports. Tokyo's **Nikkei 225** shed **5%** and Seoul's **Kospi** plunged **8.4%**, per the AP. Hong Kong's **Hang Seng** lost **1.9%**, the **Shanghai Composite** slipped **2.1%**, and Taiwan's **Taiex** gave up **3.3%**. Earlier in the week, South Korea's market had plunged about **10%** and triggered a circuit breaker, per CNN and The New York Times. Major semiconductor names including **Samsung Electronics** and **SK Hynix** posted double-digit losses in volatile sessions, per CNBC and CNN. Both the Nikkei and Kospi had hit record highs earlier in the week. Micron Technology jumped **15.7%** in U.S. trading on strong quarterly results, per the AP, a signal that AI hardware demand remains intact even as valuations are being reset. Multiple outlets frame the sell-off as profit-taking concentrated in crowded AI and memory-chip positions.", "url": "https://wpnews.pro/news/asian-markets-sell-off-after-ai-driven-rallies-prompt-profit-taking", "canonical_source": "https://letsdatascience.com/news/asian-markets-sell-off-after-ai-driven-rallies-prompt-profit-a9aa98a7", "published_at": "2026-06-26 04:35:48+00:00", "updated_at": "2026-06-26 05:38:15.205182+00:00", "lang": "en", "topics": ["artificial-intelligence", "ai-chips", "ai-infrastructure"], "entities": ["Nikkei 225", "Kospi", "Hang Seng", "Shanghai Composite", "Taiex", "Samsung Electronics", "SK Hynix", "Micron Technology"], "alternates": {"html": "https://wpnews.pro/news/asian-markets-sell-off-after-ai-driven-rallies-prompt-profit-taking", "markdown": "https://wpnews.pro/news/asian-markets-sell-off-after-ai-driven-rallies-prompt-profit-taking.md", "text": "https://wpnews.pro/news/asian-markets-sell-off-after-ai-driven-rallies-prompt-profit-taking.txt", "jsonld": "https://wpnews.pro/news/asian-markets-sell-off-after-ai-driven-rallies-prompt-profit-taking.jsonld"}}