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Asian markets slump as AI-linked shares drag Kospi, Nikkei and Taiwan lower

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Equity markets across Asia fell sharply, with Taiwan and South Korea suffering the steepest losses during heavy trading. The sell-off was driven by mounting worries about investment in artificial intelligence, especially in the semiconductor sector. Wall Street also tumbled, erasing roughly $2.5 trillion in value within a single trading day. Major technology firms saw their share prices decline steeply in several regions. Investors grew less enthusiastic about tech stocks amid concerns over the expansion of data centres.

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