Global Tech Stocks Plunge as AI Trade Falters

The rout was led by semiconductor stocks, with leveraged ETFs forced to sell billions in Korean chip shares.

The decline rippled across Europe and the US, dragging major indexes lower.

Analysts warned that the pullback could signal the start of a broader correction in overvalued AI plays.

Chinese and Japanese markets also felt the impact, though some bargain-hunting emerged in Asian trading hours.