The global tech market is facing a significant downturn, driven by increasing fears surrounding inflation in the US and concerns over overspending in AI sectors. The South Korean stock market experienced a dramatic fall, with the KOSPI index plunging over 8%, triggering trading halts and raising alarms among investors. Major chipmakers like Samsung and SK Hynix saw their shares tumble by up to 11% as competition from China intensified and market uncertainties grew. This sell-off is reflected across Asia, with significant losses reported in Japan and broader markets, leading to calls for sell-side measures as investors rapidly unwind their exposure to technology stocks.