Stock market today: Asian shares dive after a wipeout on Wall Street as Big Tech skids

TOKYO (AP) — Asian shares dropped in Thursday morning trading, with Tokyo’s benchmark losing more than 1,000 points at one point and closing down more than 3%, as pessimism set in over a nose-dive on Wall Street. U.S. stock indexes suffered their worst losses since 2022 after profit reports from Tesla and Alphabet helped suck momentum from Wall Street’s frenzy around artificial-intelligence technology.In Asia, Japan’s benchmark Nikkei 225 lost 3.3% to 37,869.51. Australia’s S&P/ASX 200 shed 1.2% to 7,870.40. South Korea’s Kospi declined 1.8% to 2,707.97. Hong Kong’s Hang Seng declined 1.9% to 16,985.94, while the Shanghai Composite fell 0.6% to 2,883.59. Among the region’s technology shares, Samsung Electronics fell 1.8%, while Nintendo lost 2.6%. Tokyo Electron tumbled nearly 5%. Profit expectations are high for U.S. companies broadly, but particularly so for the small group of stocks known as the “ Magnificent Seven.” Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Nvidia and Tes...