Wall Street is reassessing the strength of the US economy, with tech stocks sold off broadly on Friday. The Nasdaq Composite fell 4.5% over the week, its worst since June, while the S&P 500 slipped 1.1% on Friday and 1.9% for the week.
Nasdaq posts worst week since June as Wall Street reassesses US economy
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The story so far: KOSPI decline led by chipmakers
An AI-led selloff after Democratic US midterm wins hit Asian chip stocks and pushed the KOSPI down over 5%. South Korea's finance minister called an emergency market meeting and exempted broker margin guarantees for three months; the waiver of the 140% margin loan collateral rule now runs three months from 9 November.
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Nasdaq posts worst week since June as Wall Street reassesses US economy
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