GoKawiilAI stock rout wipes $3.2tn off Wall Street, spreads to Asian markets
Global equity markets fell sharply after US stocks lost about $3.2tn in value overnight, with the Nasdaq down 5.5%, the Dow off 3.44% and the S&P 500 down 4.36%. Chipmakers tied to the AI boom were hit hardest, with SanDisk down 22% and Micron and AMD each losing 17%, while Asian indices including Japan's Nikkei, South Korea's KOSPI and Taiwan's TAIEX followed with steep declines.