Asian Markets Plunge as Chip Fears and EU Auto Curbs Hit Stocks
Asian equities fell sharply on Tuesday, led by a deep selloff in South Korean chipmakers and Chinese automakers. The decline followed a weak U.S. tech session and was driven by fears of intensifying competition from Chinese memory producers, a new EU agreement to curb Chinese hybrid car imports, and weak domestic sales data. Investors remain cautious ahead of key U.S. inflation reports and the start of the corporate earnings season.













