Asian semiconductor and technology stocks fell on Wednesday, tracking overnight losses on Wall Street.

Asian tech stocks tracked overnight losses in U.S. tech names led by a sell-off in Broadcom.

Korea's chip-heavy KOSPI, the world's best-performing market this year, led losses in Asia with a 5% slide

Asian markets are experiencing a significant downturn. High-flying semiconductor stocks are bearing the brunt of the selloff. This follows a sharp fall in U.S. markets after…

In the U.S., chip stocks powered gains on Monday, helping the S&P 500 gain 0.3%, while the tech-heavy Nasdaq Composite advanced 0.86%.

Asian semiconductor and technology stocks fell on Wednesday, tracking overnight losses on Wall Street.

Asian markets plunged into the red during Wednesday trading, as the widespread tech sell-off reignited once more on Wall Street.