Asian Stocks: $600B Erased in Semiconductor Crash
Asian stocks lose over $600 billion as KOSPI drops 6.37% and semiconductor shares crash on U.S. memory sell-off plus Korea rate hike.
SourceAnalysis
Over $600 billion vanished from Asian stocks after semiconductor and tech shares plunged on the prior U.S. memory stocks sell-off and Korea interest rate hike, triggering an Asian equity market decline and semiconductor sector sell-off with clear global tech industry impact. South Korea's KOSPI sank 6.37% and erased ₩388.6 trillion ($261B). Japan's NIKKEI fell 2.79% for a ¥35.1 trillion ($209B) loss. China's SSE declined 2.2% wiping ¥630 billion ($123B). Taiwan slipped 1% and shed NT$1.2 trillion ($40B).
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