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The Economic Times

Business

Global Market Today: Asian shares slide as chip stocks tumble; investors eye US earnings, CPI

Stock Market United States Nasdaq Semiconductor US Federal Reserve Artificial Intelligence Asia South Korea

Asian stocks dropped, tracking losses on Wall Street as weakness in US chipmakers dented sentiment ahead of the start of earnings season.

The MSCI Asia Pacific Index declined 0.3% with equities in South Korea slipping over 3%. That came after a US gauge of chipmakers fell 2.7% Monday, while the Nasdaq 100 Index lost 0.7%.

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