Sell-off in US chip stocks drags down Asia-Pacific markets; Korean stocks trigger circuit breaker, SK Hynix drops 7%, oil prices continue to fall, gold remains above 4000.
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Investor concerns about the overvaluation of artificial intelligence (AI) concept stocks have triggered a dramatic sell-off of chip stocks on Wall Street, a panic that quickly spread to Asia-Pacific markets. In early trading, Asia-Pacific stocks were generally under pressure, with Korean stocks being particularly hard hit and triggering a circuit