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Asia Pacific Equities

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Tech rout deepens as Korean chipmakers lead regional slide
markets4 hours ago

Tech rout deepens as Korean chipmakers lead regional slide

Tech stocks in Asia fell sharply after Nasdaq's Friday drop, with South Korea's Kospi sliding as much as 8.8% and Samsung Electronics and SK Hynix down over 10%, triggering a 20-minute trading halt. The weakness spread to Japan and Taiwan as investors weighed AI-driven hype against memory-chip supply concerns, while Seoul discussed market-stability measures and foreign selling pressured the won.