Nikkei, Kospi & Co.: Chip and AI stocks in Asia plummet - investors wait for US balance sheets
In Asia, stock markets in Japan and South Korea plummeted. The trigger was the decline in semiconductor stocks in the US and concerns about rising US inflation.
Japanese and South Korean benchmarks plunged on Tuesday, led by a sell-off in tech stocks, amid concerns over US AI and chip stocks and high US price levels. South Korea's Kospi index lost over 6% and triggered a "Sell-Side-Sidecar" mechanism, which temporarily halted programmatic sell orders. Japan's Nikkei-225 Index fell 2.5% to 67,292 points, while the Topix index declined 0.5% to 4,085 points. Chipmakers, including Samsung Electronics and SK Hynix, were among the hardest hit, with losses of over 8% and 9% respectively.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
