Asian Stock Markets Crash as KOSPI, Nikkei and TAIEX Lose Over $950 Billion

Asian stock markets tumbled as South Korea’s KOSPI, Japan’s Nikkei 225, and Taiwan’s TAIEX erased more than $950 billion in combined market value. The selloff was driven by concerns over the Federal Reserve’s interest rate decision, fears surrounding China’s semiconductor industry, and continued weakness in AI-related stocks. KOSPI fell 10.8%, extending its decline to 41% over the past 37 days, while the Nikkei 225 and TAIEX also posted sharp losses as investors reduced risk across the region.