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Asian stocks declined significantly, especially shares of semiconductor companies such as SK Hynix, Samsung Electronics, and LG Electronics, following a recent surge driven by AI optimism. This resulted in the Korean KOSPI index dropping by 8.8%, and the Japanese Nikkei 225 falling by 4%. Semiconductor stocks in Taiwan and China also saw declines between 2% and 4%, amid geopolitical tensions and a downturn in global markets.
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