By Admin 
Share Market Crash Today: The impact of the selling of tech stocks on Wall Street and the huge fall in the South Korean market due to this is being seen on the Indian stock market today. There is so much selling in the market today that BSE Sensex has fallen by about 600-700 points. NSE’s Nifty 50 has also slipped below the level of 23900.
Asian market fell heavily
Due to the decline in the South Korean market, the mood of the Indian stock market is also spoiled today. There has been a huge decline of about 10 percent in the main index Kospi (KOSPI). Due to this huge fall, trading in the stock market there had to be stopped for 20 minutes.
In fact, due to the fall in the shares of big tech companies like Alphabet and SpaceX in the American stock market (Wall Street), the sentiment of the global market deteriorated today. Due to this decline, investors got scared due to the expensive valuations of Artificial Intelligence (AI) and tech companies and started all-round selling in the market. Today in the South Korean market, shares of SK Hynix fell by more than 11% and shares of Samsung Electronics also fell by more than 8%. Due to the collapse of these two big semiconductor stocks, the balance of the entire market got disturbed.
South Korean market made many records
Let us tell you that despite the war in Iran and global uncertainties, this year the South Korean market was trading at its all-time record high level due to the huge demand for AI and chips. Due to this the index had increased by about 80-90%. At such a high level, the valuation of companies had become very expensive. Due to this, after the fall in the American stock market today, foreign investors started selling here too and booked profits by selling shares worth more than 1.3 billion dollars (about 2 trillion won).
The condition of the domestic stock market deteriorated
When the balance of the Asian market got disturbed, the condition of investors in India got worse. In India, the biggest decline was recorded in IT sector giants Infosys, TCS, HCL Tech and Wipro today. Due to this, Nifty IT index became the most falling sector today. Due to this big fall in the stock market, investors lost around Rs 4.57 lakh crore to Rs 5 lakh crore today.
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