Global Market Today: Asian stocks fall on Korean chip selloff, oil dips

Asian markets fell sharply on Wednesday led by South Korean Kospi's near 6% drop as SK Hynix and Samsung Electronics each slid over 8%, with Japan's Kioxia tumbling 14%, dragging the MSCI Asia Pacific Index down 1.2%. Concerns were amplified by Apple's reported negotiations to source chips from two Chinese semiconductor makers and Meta's cloud-AI infrastructure plans. Sentiment found some support from Fed Chair Kevin Warsh signalling no rush for a July rate hike, Brent crude falling 0.8% to 71 dollars a barrel, and positive US-Iran talks in Qatar, while markets await Thursday's US jobs report.