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Global Black Tuesday: KOSPI Crashes 10% as Tech Unwinds — Is the AI Rally Over?
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CoinEx News: A global tech-stock selloff hammered markets on Tuesday, June 23, hitting Asia hardest. South Korea's KOSPI closed down 10% at 8,203.84, triggering a circuit breaker — an automatic trading halt — while Japan's Nikkei 225 fell 3.5% to 69,788.38 and chipmaker Kioxia sank up to 16%. Risk-off spread everywhere: US Nasdaq 100 futures fell 2%, gold gave back gains to drop over 1%, silver lost more than 3%, and Bitcoin slipped over 1%, while the dollar firmed and the yen sat near its weakest since 1986. With gold, silver and Bitcoin all falling and only the dollar gaining, this is an AI-and-tech unwind where cash is the only haven — leaving BTC, ETH and AI-themed tokens as crypto's most exposed corner.

Source: CoinEx

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