Japanese and South Korean stock markets follow overnight decline in US tech stocks

Jinse Finance reported that the Asia-Pacific markets opened lower on Friday, following a decline in U.S. tech stocks and a weakening of investors' hopes for a Federal Reserve rate cut in December. A certain exchange was among the first AI companies to see a drop, giving back gains and closing down more than 3%. In addition, last night's delayed September employment report showed that the U.S. economy added 119,000 jobs, exceeding economists' expectations. According to CME FedWatch, investors now estimate the probability of a Fed rate cut next month at about 40%, which is unfavorable for those betting on lower interest rates. Early market data shows that tech stocks in Asia are being affected, with the Nikkei 225 index dropping more than 2% at the open and a certain exchange's stock price falling by 8%. In South Korea, the KOSPI index's early losses quickly widened to 4%, with Samsung Electronics down 5% and SK Hynix down 9%.