Asian tech stocks tumble as KOSPI drops 8% (opens in new tab)

Asian stocks fell sharply on Monday as investors sold AI-linked technology and semiconductor shares after Wall Street’s Friday decline. South Korea’s KOSPI plunged 8.29% to close at 7,484.41 after falling as low as 7,442.73, and the Korea Exchange halted trading for 20 minutes about three minutes after the open; reports also showed steep declines in Japan, Hong Kong, mainland China and Taiwan-linked chip shares. The selloff followed a U.S. session in which the Nasdaq Composite fell 4.18%, the...