Global tech stocks plunge over fears of AI curbs in US

Investors across Asia also woke up to red across the board losses, like you said, reflecting those losses in the AI sectors in the West. Same thing happened across Asia in Beijing, in the financial markets in Shanghai and Shenzhen were both down. That broad CSI 300 index in China was down more than 2%, about 2.3% in the morning. The Hang Seng was down more than 3%. It was a more brutal picture in other parts of Asia, especially when you look at Japan, These places, these countries are really hubs for advanced semiconductors and other technolog y related to AI and data center buildou ts. The Kospi, the South Korean financial market woke up to a whopping almost nine percent loss. The Nikkei was down six percent in the morning and the markets in Taiwan were down about eight percen t. And if you look at just the Taiwanese semiconductor giant TSMC, its share price was down almost 10% in the morning. And these losses, quite dramatic, triggered circuit breakers to pause trading for a few minutes in both South Korea and Taiwan. Now the good thing is that the markets in all of these places seem to have, just like in China, trimmed back some of those losses. But analysts are warning we are going to see more volatility ahead in the next few weeks and even certainly Potentially into 2027.