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Stocks Hit by Tech Selloff, Yen Near 40-Year Low: Markets Wrap

Global equity markets are declining as investors sell artificial intelligence stocks to lock in profits. South Korea's Kospi index saw significant drops, triggering a circuit breaker. The Japanese yen has reached 40-year lows amid this volatility.

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What changed

South Korean stocks experienced a sharp plunge leading a broader tech-driven rout in Asia.

Live updates

  1. Tech Selloff Hits Asian Markets as Japanese Yen Hits 40-Year Low

    Global equity markets are declining as investors sell artificial intelligence stocks to lock in profits. South Korea's Kospi index saw significant drops, triggering a circuit breaker. The Japanese yen has reached 40-year lows amid this volatility.

    What's confirmed:

    • The Japanese yen has reached 40-year lows.
    • South Korea's Kospi index triggered a circuit breaker due to a sharp fall.
    • Traders are selling stocks related to artificial intelligence to lock in gains.
    • Equity markets in Asia and Europe have fallen.

    Still unconfirmed:

    • The Kospi index fell 10%.
    • Korean stocks plunged over 8%.
    • Korean stocks fell more than 4% from a record high.
    confidence 80%