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Asian shares slip and South Koreas Kospi index sinks nearly 11% on heavy selling of chipmakers

HONG KONG (AP) — South Korea’s Kospi index plunged nearly 11% on Tuesday on heavy selling of computer chipmaking stocks that have been battered recently by bouts of sell-offs triggered by fears the boom in artificial intelligence may turn out to be a bubble. Most other markets in Asia declined and U. S. futures were mixed. Oil prices declined more than 2%. Trading was temporarily halted at times as Kospi dropped to its lowest level since April, closing 10. 8% lower at 6,023. 66. Shares in...

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