Asian Stock Market Crash Wipes Out $1 Trillion in a Single Day

Asian stock market losses deepened on Friday, Nov. 6, as semiconductor shares plunged across South Korea, Japan and Taiwan. South Korea briefly halted trading after the KOSPI fell more than 8% intraday. Bitcoin also traded below $76,000 during the broader sell-off in risk-sensitive assets. The Asian stock market recorded different intraday and closing losses. The KOSPI recovered part of its losses and finished 6.02% lower. Japan’s Nikkei 225 closed down 5.96%, while Taiwan’s TAIEX declined 4.51%. The declines followed a sharp Wall Street retreat on Nov. 5, when investors reassessed artificial intelligence infrastructure spending.