South Korea's Kospi is heavily exposed to semiconductor stocks - AFP via Getty Images/Jung Yeon-je Asian stock markets plummeted on Thursday as fears of a slowdown in the AI boom triggered a tech sell-off. South Korea's benchmark Kospi index sank nearly 8pc, a decline steep enough to trigger circuit breakers which automatically halted trading. Japan's Nikkei was down more than 3pc. Samsung Electronics and SK Hynix – South Korea's two largest tech giants – were sharply down, extending recent falls in the sector as investors question the longevity of the AI boom. It came after stocks fell on Wall Street on Wednesday following higher-than-expected US inflation of 3.7pc.
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