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Asian shares slip and South Korea’s Kospi index sinks 10% on heavy selling of chipmaking stocks

Asian shares slip and South Korea’s Kospi index sinks 10% on heavy selling of chipmaking stocks
Photo: KSAT 12 (ABC affiliate) · view original

South Korea’s Kospi index plunged more than 10% on Tuesday on heavy selling of chipmaking stocks that have gyrated recently due to concerns over the sustainability of the boom in artificial intelligence. Oil prices fell more than 1%, while U.S. futures were little changed. Trading was temporarily...

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