Asian shares are mostly lower as Kospi falls 4% and tech giants decline on Wall Street
Asian shares are mostly lower and South Korea's Kospi dropped more than 4% following declines for some Big Tech giants on Wall Street. Oil prices held steady, with Brent crude trading near $79 a barrel. Uncertainty about the direction of the U.S. war with Iran persists despite hopes for a reopening of the Strait of Hormuz. On Wednesday, the S&P 500 slipped 0.2% from an all-time high and the Dow industrials rose 0.5%. The Nasdaq composite lost 0.8%. SpaceX sank after increasing its spending on artificial intelligence. Strong corporate profits and expectations for more growth ahead generally have been steering U.S. stocks higher.
BANGKOK (AP) — Asian shares were mostly lower and South Korea’s Kospi dropped more than 4% on Thursday following declines for some Big Tech giants including memory chipmaker SK Hynix.
Oil prices held steady, with Brent crude trading near $79 a barrel... [1350 chars]
Published by: The Atlanta Journal-Constitution
Read full article here: https://www.ajc.com/news/2026/08/asian-shares-are-mostly-lower-as-kospi-falls-4-and-tech-giants-decline-on-wall-street/
