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Chip stocks crash, Kospi halts, Europe pulls back

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Gulf News
“Chip stocks crash, Kospi halts, Europe pulls back”

Dubai: Wall Street suffered its worst session since April 2025 on November 5. An AI and chip sell-off wiped out the post-election rally and pushed the Nasdaq into a correction. The Dow Jones Industrial Average fell 1,833.06 points, or 3.44 per cent, to 51,523.06. The S&P 500 dropped 4.36 per cent to 7,353.73. The Nasdaq Composite lost 5.52 per cent to 24,315, closing 11.9 per cent below its October 6 record. The Nasdaq-100 sank 6.36 per cent to 26,629.81. All 11 S&P 500 sectors ended lower.…

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