$550B Wiped Out as Asia’s AI Stocks Crash, Bitcoin Jumps 4%

The post $550B Wiped Out as Asia’s AI Stocks Crash, Bitcoin Jumps 4% appeared first on Coinpedia Fintech News

A massive sell-off hit Asian stock markets today, wiping out nearly $550 billion from South Korea, Taiwan and Japan, sending chipmakers stocks sharply lower. The decline came as investors worried that stricter data center rules following the Democrats’ midterm victory could slow AI spending. While AI stocks fell sharply, Bitcoin, the leading cryptocurrency, gained 4% …