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Asian markets plunge as US tech earnings fuel AI fears

Asian markets plunged on Oct. 30 after disappointing U.S. big tech earnings and concerns over AI investment returns triggered a global tech rout. Korea's KOSPI fell 3.48% to close at 5,730.74, while the KOSDAQ lost 3.06%, according to KBS World. Yonhap reported Seoul shares dipped over 3%, and the Korea Times noted losses exceeded 5% late Friday morning. Business Korea attributed the drop to Alphabet's plunge and Fed tightening concerns. Japan's Nikkei fell 2%, and Taiwan also declined, per Maeil Business Newspaper. Korean media emphasize that the selloff centered on semiconductor and AI-related stocks like Samsung Electronics and SK hynix, reflecting worries about the sustainability of the AI boom.

  1. KOSPI falls 3.48% as US tech earnings fuel AI investment concerns Korea Times · 2026-10-30
  2. [Closing Market] KOSPI Plunges 3.5%, Barely Holding 5,700 Level Amid Global Tech Rout Business Korea · 2026-10-30
  3. (URGENT) Seoul shares dip over 3 pct on tech selloff amid AI concerns Yonhap · 2026-10-30
  4. [Opening Market] KOSPI Opens Sharply Lower Below 6,000 on U.S. Big Tech Plunge Business Korea · 2026-10-30
  5. Seoul stocks down over 5% late Fri. morning on tech losses amid AI concerns Korea Times · 2026-10-30
  6. KOSPI Down 3.48% Friday KBS World · 2026-10-30
  7. (URGENT) Seoul stocks open lower on Wall Street losses, AI concerns Yonhap · 2026-10-30
  8. 코스피 3%·닛케이 2% 뚝 … 亞증시 '휘청' 매일경제 · 2026-10-30

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