Tech Rout Deepens: Kospi Plunges 8%, Chip Stocks Slide, Bonds Rally

Global tech stocks are under heavy selling pressure, with South Korea's Kospi falling nearly 8% as investors question whether the sector's earnings can justify the AI investment boom. Chip manufacturers are leading the decline, while government bond prices rise as investors seek safety. The selloff signals a potential repricing of tech valuations and a shift toward defensive assets.