Europe Asia News

South Korea’s Kospi index fell 2.16%, while the small-cap Kosdaq index declined 1.17%. Among heavyweights, memory chipmaker SK Hynix dropped more than 4%, while Samsung Electronics fell 3.3%. Japan’s Nikkei 225 declined 1.3%, and the Topix index slipped 0.27%.

Australia’s S&P/ASX 200 lost 0.66%. On Sunday, the country experienced its worst mass shooting in more than 30 years, with at least 15 people killed. Hong Kong’s Hang Seng index fell 0.79%, while mainland China’s CSI 300 traded flat after the release of a series of key economic data.

Japan released its fourth-quarter Tankan survey. Business sentiment among large manufacturers rose to +15, the highest level in four years, matching economists’ expectations compared with +14 in the previous quarter. The non-manufacturing index came in at +34 in the fourth quarter.

On Friday in the U.S., the S&P 500 fell 1.07% from record levels, while the Nasdaq Composite dropped 1.69%. The Dow Jones Industrial Average closed down 0.51% after reaching a new intraday record earlier in the session.

Artificial intelligence-related stocks remained under pressure throughout the session. Broadcom shares plunged more than 11%, dragging down the broader market and the tech-heavy Nasdaq. AMD, Palantir Technologies, and Micron also declined.