Economic TimesLean R·
Asia markets tumble as tech rout deepens
Asian markets plunged on Monday as investors slammed the brakes on the red-hot AI rally, while Israeli strikes on Beirut sent oil prices and the dollar higher. An 8% drop for South Korea's chip-heavy KOSPI benchmark triggered a 20-minute trading halt and has it down almost 17% from last week's record high. Japan's Nikkei fell 3.5% in early trade, though U.S. S&P 500 and Nasdaq 100 futures made small gains. The Nasdaq had dropped 4.2% on Friday, with selling concentrated in semiconductor …
Read at Economic Times →
