Asian shares retreat as tech stocks plunge on AI slowdown fears

NAMPA / DPA
2026-11-06
Beijing (dpa-AFX) - Asian stocks retreated on Friday after a Wall Street rout wiped out roughly $2.5 billion in market value and sent the Nasdaq into correction territory on Thursday. Shares of companies exposed to artificial intelligence (AI) data centres, including crucial chipmakers and semiconductor manufacturers, came under significant selling pressure amid concerns over valuations and whether substantial AI spending can generate sufficient......
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GOBABIS, 05 November 2026 - A miniature mobile vocational training unit, featuring a welding and metal fabrication section and a theory classroom, designed and produced by students at the Gobabis Vocational Training Centre as a demonstration of their practical skills and creativity. (Photo: Contributed)) NAMPA

GOBABIS, 05 November 2026 - A miniature mobile vocational training unit, featuring a welding and metal fabrication section and a theory classroom, designed and produced by students at the Gobabis Vocational Training Centre as a demonstration of their practical skills and creativity. (Photo: Contributed)) NAMPA

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WINDHOEK, 05 November 2026 - Graduates from the Gobabis Vocational Training Centre (GVTC) Class of 2022 to June 2026 were urged to use their skills to create jobs and contribute to Namibia's development. (Photo: Contributed) NAMPA

WINDHOEK, 05 November 2026 - Graduates from the Gobabis Vocational Training Centre (GVTC) Class of 2022 to June 2026 were urged to use their skills to create jobs and contribute to Namibia's development. (Photo: Contributed) NAMPA

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WINDHOEK, 05 November 2026 – AR leader Job Amupanda speaks to the media at Parliament, where he raised allegations of irregularities in August 26's fuel supply deals. (Photo by: Uakutura Kambaekua) NAMPA

WINDHOEK, 05 November 2026 – AR leader Job Amupanda speaks to the media at Parliament, where he raised allegations of irregularities in August 26's fuel supply deals. (Photo by: Uakutura Kambaekua) NAMPA

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WINDHOEK, 04 November 2026 – Vice-President Lucia Witbooi has called for greater inclusion and support for autistic persons at the 6th World Autism Organisation Congress. (Photo: Contributed) NAMPA

WINDHOEK, 04 November 2026 – Vice-President Lucia Witbooi has called for greater inclusion and support for autistic persons at the 6th World Autism Organisation Congress. (Photo: Contributed) NAMPA

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WINDHOEK, 04 November 2026 - Eeshoke Chula Chula goalkeeper Misipile Sibeso pictured while at training at the Jan Mohr School sport ground during the Brave Warriors preparation for the 2027 Afcon qualifiers. (Photo: Hesron Kapanga) NAMPA

WINDHOEK, 04 November 2026 - Eeshoke Chula Chula goalkeeper Misipile Sibeso pictured while at training at the Jan Mohr School sport ground during the Brave Warriors preparation for the 2027 Afcon qualifiers. (Photo: Hesron Kapanga) NAMPA

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WINDHOEK, 04 November 2026 - Bank Windhoek employees giving back to the community during their empathy project. (Photo: Contributed)

WINDHOEK, 04 November 2026 - Bank Windhoek employees giving back to the community during their empathy project. (Photo: Contributed)

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KAPAKO, 04 November 2026 - Bush clearing has begun around the Kapako Constituency Office as part of cash-for-work projects, with further approved projects expected this week and early next week. (Photo: Contributed)

KAPAKO, 04 November 2026 - Bush clearing has begun around the Kapako Constituency Office as part of cash-for-work projects, with further approved projects expected this week and early next week. (Photo: Contributed)

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