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Asian Tech Stocks Plunge on Jitters

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FILE PHOTO: Semiconductor chips are seen on a printed circuit board in this illustration picture taken February 17, 2023. REUTERS/Florence Lo/Illustration//File Photo

Tech stocks tumbled overnight as investors weighed casino-like AI spending warnings against an escalating global conflict. The sharp selloff dragged down Asian markets ahead of the latest United States corporate earnings reports. Markets face mounting pressure as central banks navigate persistent inflation risks and energy shocks.

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