Asian equity markets experienced a significant downturn, with the MSCI Asia Pacific Index dropping over 1%. South Korean markets plunged nearly 6%, with declines of approximately 7% for Samsung Electronics and SK Hynix. This trend is part of a global selloff in the semiconductor sector, with U.S. semiconductor stocks falling 5%. Rising U.S. bond yields and increasing oil prices fueled risk-off sentiment among investors. Geopolitical tensions are amplifying this cautious stance, which could support safe-haven assets like gold.
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