AI Stock Selloff Hits Asia: Kospi Plunges 7%, Nikkei Down 2.6%

Asian markets experienced a sharp selloff in AI-related stocks, with South Korea's Kospi falling over 7% to its lowest level since late July and Japan's Nikkei losing 2.6%. The selloff is attributed to China narrowing the technology gap, raising concerns about competitive pressure on chipmakers. The magnitude of the decline suggests a significant repricing of AI valuations, though the sustainability of the move remains uncertain.