Nasdaq Futures Slide as South Korea’s Kospi Drops 10% Amid Selloff

Nasdaq futures declined following a significant selloff in chipmakers, with South Korea’s Kospi dropping nearly 11%. The concerns stem from issues related to A.I. spending and competition in the chip sector, impacting tech stocks globally. Heavy selling has led to mixed performance in world shares as markets react. These developments underscore the vulnerabilities in the semiconductor sector, which is crucial for many tech stocks, including those in the Nasdaq index, and may affect investor sentiment going forward.