Tech Stocks Tumble on Worries About A.I. Spending and China’s Chip Competition

Tech stocks have plummeted due to concerns over artificial intelligence spending and increased competition from China's chip industry. South Korea's benchmark stock index suffered significant losses, closing more than 10 percent lower on Tuesday. The decline was so sharp that trading was temporarily halted in the country. The regional losses were led by South Korea's stock market downturn.

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