<span>STORY: :: File</span><span>Asian shares took a tumble in Wednesday (November 5) morning trade, following an earlier selloff for tech stocks on Wall Street.</span><span>Japan’s Nikkei index slid around 3.5% in morning trade, with South Korea’s Kospi index also sharply down.</span><span>Tech names were the big losers on both markets, with Samsung off close to 4%.</span><span>Japan’s SoftBank Group plunged about 10%, with the major tech investor seen as heavily exposed to any change of sentiment in the U.S.</span><span>:: File</span><span>Global stocks have been retreating from record highs in recent days on fears gains may have been overdone.</span><span>Among the negatives are warnings from heavyweights Morgan Stanley and Goldman Sachs, who have both questioned whether sky-high stock valuations can be sustained.</span><span>Last month, JPMorgan Chase boss Jamie Dimon also cautioned that there was a heightened risk of a major stock market correction.</span><span>:: File</span><span>Those warnings come after a surge of enthusiasm for AI-related stocks like Nvidia drove markets to unprecedented highs.</span><span>That has drawn comparisons with the dot-com bubble of years past.</span><span>Investment strategist Rob Haworth at US Bank Asset Management Group says stubborn price rises remain a big worry for Wall Street too:</span><span>“If the Fed comes around to December and doesn’t cut rates, that tells a pretty tough story for inflation.”</span><span>Chinese shares also struggled Wednesday, with the CSI 300 index dropping over 0.5% before recovering.</span><span>Sentiment there was also hit by data showing slower growth for the country’s service sector.</span>
