Tech stocks plunge in Asia after record rally and renewed Middle East attacks

Markets in South Korea and Japan slid after a rally in tech stocks in recent weeks.

Tech sell-off widens as South Korea plunges

Asian markets start the week sharply lower after Nasdaq’s big Friday fall

Stock markets fall as concerns persist over tech firms at heart of AI boom

Falls follow sharp sell-off of US tech stock last week while oil prices jump after Iran and Israel exchange strikes Business live – latest updates Global stock markets have fallen amid concern about the prospects for tech stocks while oil prices have risen as attacks in the Middle East stoked fears that a fragile truce in the region could break. Stock markets in Asia and Europe fell on Monday after a sharp sell-off in US tech stocks late last week, as investors fretted over how companies at...

By Lauren Almeida and Graeme Wearden

Foreign investors have dumped billions of dollars of Korean stocks this year despite record rally. Here's why

The selling intensified Monday as the benchmark Kospi plunged more than 8% at the open, even as it emerged as one of the world's standout performers thus far.

Nvidia strikes a new memory-chip deal — but SK Hynix and Samsung shares are under heavy pressure

South Korea’s once-hot Kospi index is headed for another day of sharp declines as the AI trade loses steam.

By Emily Bary

Tumbling tech puts brakes on AI rally, Middle East escalation lifts oil

CEO of world’s most valuable company has a tip for investors

Nvidia CEO Jensen Huang views the recent tech stock selloff as a prime buying opportunity, emphasizing that the AI boom is still in its nascent stages. He asserted that AI will evolve into global infrastructure, akin to the internet, driving sustained demand for data centers and advanced computing systems.

By TOI TECH DESK

Korea Box Office: ‘Colony’ Retains Top Spot as ‘Wild Sing’ Debuts Strong

Local action-horror thriller “Colony” held onto its position at the top of the South Korean box office during the weekend of June 5–7. According to data from KOBIS, the tracking service operated by the Korean Film Council, the film generated $4 million from 603,868 admissions, capturing a 44.35% revenue share during its third weekend on […]

By Naman Ramachandran

Parties seek parliamentary probes over ballot shortage

South Korea’s state institutions and political parties moved Monday to address ballot paper shortages reported during last week’s local elections. The ruling Democratic Party of Korea submitted its request for a parliamentary probe to the National Assembly. Rep. Cheon Jun-ho, the party’s senior deputy floor leader, said the NEC had been aware of the shortage in advance but failed to respond in a timely manner, causing confusion at polling stations and fueling unnecessary suspicion over the fairn

By The Korea Herald

Nvidia clinches deals with South Korean giants including SK Group to advance AI boom

The agreement, which comes as memory chipmakers have been straining to keep up with ⁠demand, would enable supply to keep pace with Nvidia's plans.

South Korea's KOSPI craters nearly 9% as Fed fears hammer tech stocks

Nvidia clinches deals with South Korean giants including SK Group to advance AI boom

The agreements come during a high-profile trip by Nvidia CEO Jensen Huang to South Korea that began on June 5

By Reuters

US stocks slump as fears over Big Tech shake Wall Street

Stock markets suffered a sharp drop on Friday, with the tech-heavy Nasdaq index undergoing its biggest one-day drop since April 2025.

By Abubakar Ibrahim