Asian Markets Mixed as Tech Slump Follows US Election

Asian stock markets closed mixed, weighed down by a decline in the technology sector following the US election outcome. The Democratic victory fueled concerns about stricter artificial intelligence regulations, while investors assessed investment stability. Tokyo fell sharply by 1.79% and Seoul dropped 5.2%, while Hong Kong gained 3.3%, Shenzhen rose 1.3%, and Mumbai climbed 1.9%. The yen strengthened against the dollar to just below 158 and against the euro to 177.80. Geopolitical tensions, particularly in the Middle East, remained in focus. Upcoming economic data includes German factory orders, French industrial production, Italian retail sales, Eurozone producer prices, and US unemployment claims.