Asian stocks fall sharply as AI selloff deepens
In short
Asian stocks dropped hard as the US selloff spread. South Korea’s Kospi fell 8.8% in early trading and triggered a circuit breaker. Samsung Electronics and SK Hynix each sank more than 9%, and Japan’s Nikkei 225 lost 6.2%.
What the reporting says
Asian stocks fell sharply as the US-led selloff spread, with South Korea’s Kospi Index dropping 8.8% in early trading and triggering a circuit breaker. Samsung Electronics and SK Hynix each fell more than 9%, while Japan’s Nikkei 225 lost 6.2% and the MSCI Asia Pacific Index declined 2.9%. Futures also pointed to losses in Taiwan, Hong Kong and China, highlighting broad pressure on regional markets.
Why it matters
Asian markets sold off sharply after the US slump deepened, with South Korea’s Kospi Index down 8.8% in early trading and a circuit breaker triggered. Chipmakers Samsung Electronics and SK Hynix both fell more than 9%, while Japan’s Nikkei 225 lost 6.2% and the MSCI Asia Pacific Index dropped 2.9%. Futures pointing lower in Taiwan, Hong Kong and China suggest the weakness was spreading across the region.