Asian Markets Plunge After Wall Street Tech Selloff

Asian stock markets followed Wall Street's sharp decline on Friday, with Tokyo's Nikkei index falling over five percent at the open after a US technology selloff the previous day. Trading in Seoul was automatically halted for 20 minutes after the Kospi index dropped more than eight percent. Technology stocks led the losses, with Samsung Electronics down 8.3 percent and SK Hynix falling 11.39 percent. The Kospi was down 7.84 percent, while the Nikkei fell 5.85 percent, Singapore's Straits Times dropped 2.55 percent, and Hong Kong's Hang Seng declined 1.16 percent. The Asian slump followed Thursday's Wall Street bloodbath, where the S&P 500 fell 4.36 percent, erasing $2.9 trillion in market value, the largest one-day dollar loss ever recorded. Nvidia plunged 9.26 percent, with other tech firms like Micron, AMD, and Tesla also suffering double-digit declines.