As much as $800bn wiped off software-heavy Nasdaq index in New York as traders mount firesale

Wall Street's fears around artificial intelligence-driven disruption affecting software companies have made their way into Asia.

As much as $800bn wiped off software-heavy Nasdaq index in New York as traders mount firesale

Software stocks plunged so much that the value of those tracked in an iShares ETF has now dropped almost $1 trillion over the past seven days.