Asia stock markets slide as tech shares slump
Trading on South Korea's Kospi index was halted for the third time this week to prevent panic selling.
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Asia stock markets slide as tech shares slumpImage source, AFP via Getty ImagesByOsmond ChiaBusiness reporterPublished3 minutes agoAsian stock markets fell sharply on Friday, led by a sell-off in technology firms as investors worried that recent jumps in share prices had gone too far.Trading on South Korea's Kospi was temporarily halted as an 8% fall in the benchmark index triggered a mechanism intended to curb panic selling. The index closed 5.8% lower.It comes after shares in Apple fell sharply on Thursday after it announced it would raise the prices of its iPads and MacBooks due to the soaring cost of computer chips.Some investors are also concerned about the hundreds of billions of dollars being spent this year by big tech firms to build artificial intelligence (AI)…
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