KOSPI Drops 5% as Chip Selloff Hammers Asian Stocks
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- KOSPI plunged 5% (AP reports 5.2%) as a chip selloff drove a broad Asian stock decline, with the rout tracking an overnight Wall Street tech selloff per Yahoo Finance.
- Asian tech stocks led losses region-wide, while Bloomberg separately frames the move as also reflecting lingering bond jitters — an angle the chip-rout narrative alone downplays.
Why it matters: A 5% KOSPI drop shows the chip-led rout has jumped from Wall Street to Asia's most semiconductor-exposed market, compounding losses across the region's tech-heavy benchmarks in a single session.
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