Chip selloff hits South Korea, Japan; China, Singapore lift Asian stocks

br.investing.com (Portuguese)

Asian stocks closed mixed Friday, with South Korea and Japan leading losses as semiconductor selloffs pressured technology shares ahead of a key US jobs report. South Korea's KOSPI fell 1.2%, heading for a weekly drop exceeding 6% and a seventh straight weekly decline, while Japan's Nikkei slipped 1%. Fujifilm plunged nearly 18% after announcing a possible spin-off of its imaging business. Chinese mainland markets outperformed, with CSI 300 up 1%, while Singapore's Straits Times rose 0.4% on strong bank results. Oil prices strengthened amid Iran-related Strait of Hormuz supply concerns.


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Chip selloff hits South Korea, Japan; China, Singapore lift Asian stocks | News Minimalist