"It’s perfectly legitimate for investors to dilute their positions in semiconductors. It’s a good time indeed to take some profits and diversify"

South Korea's Kospi collapsed 10 percent as tech took a battering on another black day for Asian stock markets, with a report of a breakthrough in China's chip industry…

SK hynix and Samsung lost around 13 percent, dragging the Kospi index down 10.2 percent, having earlier been paused for a 20-minute circuit-breaker.