Tech market sell-off deepens amid fears over US inflation and AI debt

Global markets saw a sharp sell-off in AI-related stocks due to rising US inflation and fears of interest rate hikes. South Korea's Kospi 200 index dropped over 8%, with major chipmakers like SK Hynix and Samsung Electronics plunging nearly 11% and 9.5%. The sell-off followed a strong US CPI report and concerns over AI sector debt, with warnings from the IMF about potential global financial instability from an AI share price crash.