July 28, 2026 9:27 AM
AI anxiety sparks tech rout, broad selloff in Asian markets
Asian markets fell on Tuesday led by chipmakers on unease about the massive funding demands of the AI boom, while a slide in oil prices did relatively little to lift bonds and left traders nervous about U.S. rate hikes, maybe as soon as this week. South Korea's KOSPI dived more than 8% to a three-month low, triggering a circuit breaker, and Japan's Nikkei slid 4%, following a 2.2% drop for the Philadelphia Semiconductor index. Nvidia shares shed 5% overnight after the Wall Street Journal repor...