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Ashish Kumar

Global tech shares slide as KOSPI drops 8.3% and Nasdaq falls 4.2%

Global technology stocks sold off on Monday, wiping out weeks of gains as investors reduced exposure to AI-linked equities amid higher US rate-hike odds and fresh Middle East tensions. South Korea's KOSPI fell 8.3% with circuit breakers triggered twice, while Japan's Nikkei 225 slipped nearly 4% after the Nasdaq Composite dropped 4.2% on Friday. The move followed stronger US jobs data that pushed the two-year Treasury yield up more than 11 basis points and came alongside a cautious forward view from Broadcom.
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