TREE NEWS reports: A technology-stock selloff swept Asia-Pacific markets, with ChiNext down 3.5% at midday and more than 4,500 stocks declining across China’s market. South Korea’s KOSPI briefly fell nearly 9%, triggering a circuit breaker, while Japan’s Nikkei 225 dropped as much as 6%. Hong Kong’s Hang Seng fell 1.06% and the Hang Seng Tech Index 1.75%, with MINIMAX and Zhipu each down more than 8%.
Asia Tech Selloff: ChiNext Falls 3.5%, KOSPI Plunges 9%
AI take
The breadth of the move — more than 4,500 Chinese stocks declining and a Korean circuit breaker — points to a region-wide risk-off repricing in tech rather than an isolated story. The fact that Hong Kong's tech names, including MINIMAX and Zhipu, fell far less than Korea's headline index suggests the selling is concentrated in the most crowded, highest-beta segments. Whether the circuit-breaker-level volatility in Korea spills into other regional benchmarks is the open question worth watching.
Generated by AI for reference only.
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