Stocks in retreat as traders reconsider tech investment - News Summed Up

Stocks in retreat as traders reconsider tech investment


Pedestrians walk past an electronic quotation board displaying the Nikkei 225 stock prices on the Tokyo Stock Exchange in Tokyo on February 3, 2026. (Photo by Kazuhiro NOGI / AFP)Stocks mostly fell Thursday to track more losses on Wall Street, where tech firms were again under pressure as fears over vast AI investments and extended valuations gained momentum. The selling extended into Asia, where Seoul — which has cruised more than 20 per cent to multiple record highs this year thanks to its strong tech presence — sank 3.9 per cent. Oil prices fell more than two per cent at one point after Iran and the United States said nuclear talks would go ahead in Oman this week. And Sony rallied nearly six per cent after announcing it had hiked its full-year sales and profit forecasts thanks to a weaker yen.


Source: Punch February 05, 2026 09:18 UTC



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