{"id":78057,"date":"2026-02-06T01:42:56","date_gmt":"2026-02-06T04:42:56","guid":{"rendered":"https:\/\/tech.einnews.com\/article\/889864011"},"modified":"2026-02-06T01:42:56","modified_gmt":"2026-02-06T04:42:56","slug":"bitcoin-falls-9-and-asian-shares-slip-after-wall-street-is-hit-by-tech-stock-losses","status":"publish","type":"post","link":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/2026\/02\/06\/bitcoin-falls-9-and-asian-shares-slip-after-wall-street-is-hit-by-tech-stock-losses\/","title":{"rendered":"Bitcoin falls 9% and Asian shares slip after Wall Street is hit by tech stock losses"},"content":{"rendered":"
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HONG KONG (AP) \u2014 U.S. futures and Asian shares traded mostly lower on Friday, tracking Wall Street’s losses as technology stocks again dragged on markets. <\/p>\n

Bitcoin sank to roughly half its record price, giving back all it gained<\/a> since U.S. President Donald Trump won the White House<\/a> for his second term.<\/p>\n

Tokyo\u2019s Nikkei 225 was up 0.5% to 54,073.52, recovering from losses earlier this week, with technology-related stocks leading gains. SoftBank Group rose 1.9% and chipmaker Tokyo Electron rose 3%. Japan will also be holding its general election on Sunday, in which Prime Minister Sanae Takaichi expects to win a stronger public mandate for her policies.<\/p>\n

South Korea\u2019s Kospi lost 1.7% to 5,076.69, weighed down by tech shares. Samsung Electronics, the country\u2019s biggest listed company, fell 0.9%. Chipmaker SK Hynix was down 0.6%.<\/p>\n

Hong Kong\u2019s Hang Seng fell 1.2% to 26,569.14. The Shanghai Composite index was flat at 4,075.37.<\/p>\n

In Australia, the S&P\/ASX 200 shed 1.6% lower to 8,745.60.<\/p>\n

Taiwan\u2019s Taiex fell 0.2%.<\/p>\n

Against the backdrop of the technology sell-off this week, Bitcoin, the world\u2019s largest cryptocurrency, saw dimming enthusiasm and was trading about 9% lower at just under $65,000 early Friday, after it briefly sank over 12% to below $64,000 on Thursday. That\u2019s down from a record of above $124,000 in October.<\/p>\n

The future for the S&P 500 was 0.3% lower, while that for the Dow Jones Industrial Average fell 0.2%.<\/p>\n

On Thursday, the S&P 500 fell 1.2%<\/a> to 6,798.40, its sixth loss in the seven days. The Dow Jones Industrial Average fell 1.2% to 48,908.72. The Nasdaq composite dropped 1.6% to 22,540.59. <\/p>\n

Technology stocks were among the worst hit as concerns persist over whether massive AI investments by many of the Big Tech firms will pay off.<\/p>\n

Chipmaker Qualcomm sank 8.5% despite better-than-expected quarterly revenues. Alphabet lost 0.5% as investors were focused on its huge spendings on AI.<\/p>\n

Amazon fell 11% in after hours trading Thursday<\/a> after it announced plans to boost capital spending by more than 50% to $200 billion in AI and other areas.<\/p>\n

American artificial intelligence startup Anthropic<\/a> \u2019s new AI tools also fueled the sell-off of software stocks on Wall Street this week, as its sophistication means many traditional software development services and products could be disrupted or replaced.<\/p>\n

Gold and silver prices have been volatile this week following a months-long rally as investors moved into safe haven assets prompted by factors including elevated geopolitical tensions. Gold prices fell 1% on Friday to $4,843.70 per ounce, after nearing $5,600 last week.<\/p>\n

Silver prices dropped 6.6% to $71.63 per ounce after rising earlier this week. It lost more than 31% last Friday.<\/p>\n

In other dealings early Friday, U.S. benchmark crude oil gained 35 cents to $63.64 a barrel. Brent crude, the international standard, rose 36 cents to $67.91 a barrel. <\/p>\n

The U.S. dollar fell to 156.74 Japanese yen from 157.03 yen. The euro was trading at $1.1789, up from $1.1777.<\/p>\n

___<\/p>\n

AP Business Writer Stan Choe contributed.<\/p>\n

<\/a><\/strong> <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

… losses earlier this week, with technology<\/span>-related stocks leading gains. SoftBank … 076.69, weighed down by tech<\/span> shares. Samsung Electronics, the … Against the backdrop of the technology<\/span> sell-off this week, Bitcoin … by many of the Big Tech<\/span> firms will pay off. …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-78057","post","type-post","status-publish","format-standard","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts\/78057","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/comments?post=78057"}],"version-history":[{"count":0,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts\/78057\/revisions"}],"wp:attachment":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/media?parent=78057"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/categories?post=78057"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/tags?post=78057"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}