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Asia markets tumble as tech rout deepens

Posted on June 8, 2026
By Business News Today
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1 min read

Asia markets tumble as tech rout deepens

Asian markets experienced a sharp downturn as the AI rally cooled, with South Korea's KOSPI halting trading after a significant drop. Investors are now weighing the impact of potential Federal Reserve rate hikes and upcoming inflation data. Meanwhile, escalating Middle East tensions pushed oil prices higher, while the dollar strengthened against the yen.