Bitcoin plunges up to 8% and South Korea’s Kospi sinks nearly 4% in the latest tech-led sell-off
CTV
World shares retreated Thursday in Asia on heavy selling of technology stocks, while the price of bitcoin fell as much as 8 per cent.
The federal government’s new policy requiring public servants to be in the office for a minimum of four days a week is about “strengthening the public service,” according to the Treasury Board president’s office.
U.S. futures and Asian shares traded mostly lower on Friday, tracking Wall Street’s losses as technology stocks again dragged on markets.
World shares retreated Thursday in Asia on heavy selling of technology stocks, while the price of bitcoin fell as much as 8 per cent.
European shares were mixed Wednesday, while most benchmarks in Asia advanced despite a retreat on Wall Street on selling of technology stocks.
Global shares surged on Tuesday, led by a nearly seven per cent jump in South Korea’s benchmark and a 3.9 per cent rally in Tokyo that took the Nikkei 225 to a record as investors bought tech-related shares.
For companies that have tied workforce changes to AI — including Expedia, Pinterest and Dow last week — it can be hard for economists, or individual employees like Plumb, to know if AI is the real reason.
Canada is resuming beef exports to China after a years-long ban that shut down a major overseas market, a move some Alberta producers say comes at a critical time as national cattle supplies remain low and beef prices stay high.