Image: Fortune IndiaSouth Korea's KOSPI crashes 10%, triggers domino effect across Asian markets; Nikkei falls 3%, Taiwan retreats, Nifty trades flat
β’ South Korea's KOSPI benchmark crashed over 8%, triggering a regional domino effect that saw Japan's Nikkei fall 3% and Taiwan's markets retreat. β’ The sell-off was driven by an "AI trade unwind," as investors rotated out of major technology stocks due to concerns over stretched valuations and rising AI spending. β’ Other regional markets were impacted, with Hong Kong's Hang Seng Index slipping 0.4% to 23,678 and India's Nifty 50 remaining flat as foreign institutional investors paused emerging market allocations.
fortuneindia.com



