Tokyo shares down ~4%, South Korea down ~6%. Fingers pointing at OpenAI IPO delay

Its an awfully bleak day in fairness markets right here in Asia.

As I publish

• Japan’s Nikkei is down 3.8%, SoftBank, whose share value has been
  boosted by CEO Masayoshi Son’s guess on OpenAI, fell ~12%.
• South Korea’s Kospi is down 5.6%. Program buying and selling was halted for five minutes with the ‘sidecar’ invoked.
• Shanghai Composite -1.7%

Narratives centre on this from earlier:

• New York Instances says ‘OpenAI leans towards ready till subsequent 12 months for IPO’

NYT cite 3 unnamed sources ‘aware of the matter’.

This text was written by Eamonn Sheridan at investinglive.com.



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