Image: LN24’INT
Asian stocks tumbled as investors questioned the sustainability of the artificial intelligence boom. South Korea’s KOSPI plunged nearly 8%, triggering circuit breakers that temporarily halted trading, while Japan’s Nikkei fell more than 3%.
Tech giants Samsung Electronics and SK Hynix also suffered sharp declines, extending losses across the sector.
The sell-off followed Wall Street’s decline after US inflation came in higher than expected at 3.7%. All three major US indices fell, with the tech-heavy **Nasdaq losing nearly 2%.
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