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Asian stocks suffered sharp losses on Friday as a sell-off in technology shares on Wall Street spread, amid concerns about tighter U.S. oversight of artificial intelligence and a slowdown in data-center expansion. Japan’s Nikkei fell 5.96% to 57,434.77, South Korea’s Kospi dropped 6.02% to 5,059.69, and Taiwan’s Taiex slid 4.47% to 39,717.22, entering a bear market after falling more than 20% from its recent peak. The declines followed losses in the United States, where the Nasdaq fell 5.5% and the Philadelphia Semiconductor Index dropped about 12%, as investors worried about possible restrictions on data centers and whether AI investments would deliver the expected returns.
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