Asian markets are plunging as chip shares collapse, with South Korea's Kospi down about 5.1% and SK Hynix off 7.7%.U.S. chip makers are falling in tandem: Micron Technology drops 10.6% and Intel slides 9%, while BYD gains 8.7% and Brent crude falls to $70.89 per barrel after talks involving the US, Iran, Qatar and Pakistan. Investors shift focus to an upcoming US employment report expected to show 115K jobs added and to
Federal Reserve policy as analysts warn AI demand may grow more slowly than priced in.