
Asian equity markets moved sharply lower on Monday, led by South Korea’s benchmark KOSPI Index, which plunged as much as 8.8%, as investors reacted to a tech-driven selloff on Wall Street that heavily impacted semiconductor and artificial intelligence-related stocks. Stronger-than-expected US jobs data further weighed on sentiment by reinforcing expectations that the Federal Reserve will raise interest rates later this year, pushing Treasury yields higher and reducing the appeal of equities. Meanwhile, geopolitical tensions intensified after Iran launched several rounds of missiles toward Israel as a warning against further military actions in Lebanon, raising concerns over the stability of a fragile ceasefire as peace talks remain stalled. Other major regional markets also came under pressure, with shares in Australia, Japan, China, and Hong Kong posting significant declines.

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