A global rout in chip stocks plunged the Nasdaq into correction territory, just hours after South Korea's bourse was forced to halt trading

(Bloomberg) -- A rotation that has seen Wall Street investors bail from high-profile chipmakers in favor of more economically sensitive industries picked up speed, driving the…

The selling kicked off overnight in Asia, with markets in Korea, Japan and Taiwan. Stateside, Dell Technologies tumbled 13% and Intel shares slid 7%.