Asian shares slip and South Korea’s Kospi index sinks nearly 11% on heavy selling of chipmakers
• Asian stock markets experienced a broad decline, highlighted by South Korea's Kospi index plunging nearly 11% due to heavy selling of chipmaking stocks. • Other major indices fell, including Tokyo’s Nikkei 225, which dropped 4% to 62,364.92, and Taiwan's Taiex, which skidded 4.7% as TSMC shares fell 3%. • The sell-off is driven by growing investor fears that the current boom in artificial intelligence may be a bubble, leading to a correction in semiconductor valuations.
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