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Asia equities plunge as tech-valuation unwind sparks global risk-off
Asia fell after a U.
Asian equity markets sold off sharply this morning after an overnight U.S. tech correction triggered broad risk-off sentiment. Semiconductor and AI-hardware names led losses in Tokyo and Seoul as portfolio managers trimmed megacap exposure and rotated into defensive sectors. The move pushed bond yields down and the dollar higher while market breadth and liquidity deteriorated. Traders said this looked like a valuation re-rating rather than a macro shock, but warned that thin liquidity and high options-skew could amplify further downside if breadth does not recover in the next sessions.