Asian Stock Markets Lose Over $800 Billion as Tech Selloff Accelerates

Published by

Nidhi Kolhapur

June 23, 2026

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Asian stock markets lost more than $800 billion in value within hours as a broad technology-led selloff swept the region. South Korea’s KOSPI plunged 8.2%, erasing about $426 billion in market value, while Japan’s Nikkei fell 2.8%, wiping out roughly $217 billion. Taiwan’s stock market declined 3.5%, cutting around $154 billion from valuations. The sharp drop matters because technology stocks have been a major driver of recent market gains. Investors are now watching whether the selloff stabilizes or triggers further profit-taking across global equity markets.

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