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The Japanese and South Korean stock markets fell in line with the overnight decline of US tech stocks.
Golden Finance reported that the Asia-Pacific market opened lower on Friday, following a decline in U.S. tech stocks as investor hopes for a Fed rate cut in December weakened. Oracle (ORCL.N) and AMD (AMD.O) were among the first AI companies to see declines, while Nvidia (NVDA.O) also pulled back, closing down over 3%. Additionally, the delayed September jobs report released last night showed that the U.S. economy added 119,000 jobs, exceeding economists' expectations. According to CME FedWatch, investors currently estimate that there is about a 40% chance of a Fed rate cut next month, which is unfavorable for those betting on lower interest rates. Early market indications show that tech stocks in Asia are being affected, with the Nikkei 225 index dropping over 2% at the start, and SoftBank Group's stock falling 8%; in South Korea, the KOSPI index quickly widened its early losses to 4%, with Samsung Electronics down 5% and SK Hynix down 9%. (Jin10
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