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TOKYO — 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 …
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 Tesla. A steep drop on Wednesday sent U.S. stock indexes to their worst losses since 2022 after profit reports from Tesla and Alphabet helped suck momentum from Wall Street’s frenzy …
