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The Economic Times
The Economic Times
Business

Tech stocks dive as Fed bets rattle AI rally

Asian markets extended last week's bruising selloff with high-flying semiconductor stocks taking the heaviest beating and South Korea's KOSPI sinking more than 4.5%.

U.S. markets fell sharply on Friday when strong jobs data lifted the odds of a rate hike this year and sent investors scurrying from some of the year's top-performing bets.

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