A sharp correction in the global technology sector has accelerated, with major chipmakers facing heavy selling pressure as investor confidence wavers.
The downturn, which began in Asian markets, has now spread to the United States, triggering a broad repricing of equity valuations in the semiconductor space.
South Korea’s KOSPI index crashed nearly 10% on Tuesday, triggering circuit breakers as a massive sell-off engulfed the technology sector.
South Korea’s KOSPI index crashed nearly 10% on Tuesday, triggering circuit breakers as a massive sell-off engulfed the technology sector.
The benchmark extended its decline from record highs, marking one of the sharpest reversals in recent memory.
The turbulence has since intensified, spreading from Asian markets to the United States and prompting analysts to outline potential downside risks for the ongoing equity rally.
Individual stock performance highlights the severity of the move.