Asian stocks plunge: Kospi tumbles over 7%, Nikkei sheds 3,000 points as AI-linked shares drag markets

Asian equity markets witnessed drastic downturns, with Taiwan and South Korea hit the hardest in the trading frenzy. This sell-off arose from growing apprehensions about AI investments, particularly in semiconductors. Wall Street also saw an alarming plunge, wiping out $2.5 trillion in a single day.