Global equity markets extended their decline on Tuesday, with technology stocks bearing the brunt of the selling pressure.
The rout followed a losing session on Wall Street, where tech-heavy indices struggled to find support as investors digested concerns over the affordability of artificial intelligence hardware.
32 points, while the Nasdaq Composite and S&P 500 also declined sharply, reflecting the depth of the tech-led selloff.
The immediate catalyst stems from rising costs for memory chips, which have forced major tech giants including Apple and Microsoft to increase prices on computers and gaming consoles.
This pricing shift has sparked fears among traders that higher consumer costs could dampen demand for AI-enabled devices, potentially slowing the growth trajectory of the sector.
Selling pressure broadened across Asia, with major indices in Seoul and other regional hubs posting losses in tandem with US markets.
The Dow Jones Industrial Average fell 395.32 points, while the Nasdaq Composite and S&P 500 also declined sharply, reflecting the depth of the tech-led selloff.