EconomyChip selloff deepens as AI fears hit Asian stocks

Global markets are under pressure as a widening semiconductor selloff weighs on Asian equities. The KOSPI dropped more than 10%, marking its steepest decline since March. NVIDIA’s latest deal has revived concerns about circular investment in artificial intelligence, while US semiconductor shares remain highly volatile. Investors are reassessing the size and durability of AI spending, and oil prices continue to fall as hopes rise for progress in US-Iran talks.