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Story summary
- The South Korean KOSPI index fell 10.5 percent, triggering a 20-minute trading halt as global markets slumped on tech-sector losses.
- The U.S. S&P 500 closed down about 1.4 percent on Tuesday.
- The Nasdaq fell 2.2 percent on Tuesday.
- SpaceX shares shed about 20 percent in the past week, erasing roughly $600 billion in market value.
- BNY strategist Geoffrey Yu warned that AI stock falls could hurt the global growth outlook.
