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Asian Stocks Market Today is Down Slide
Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.
Asian stocks fell sharply on Wednesday as rising bond yields, higher oil prices and renewed pressure on semiconductor shares hit investor sentiment. South Korea’s KOSPI dropped 5.7%, while Japan’s Nikkei fell 3.2%. Higher U.S. and Asian bond yields are raising borrowing costs and putting pressure on stock valuations. At the same time, oil prices have climbed as hopes for a U.S.-Iran deal fade, adding to inflation concerns. The sell-off has been particularly strong in AI and semiconductor stocks, following weakness on Wall Street
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