A total bloodbath in global markets over $1 trillion was wiped off Asian stock markets. South Korea's KOSPI -6%, wipes out ₩305.0 trillion ($203 billion). Japan's NIKKEI -6%, wiping out ¥70.65 trillion ($450 billion). China's SSE -1.5%, wiping out CN¥1.47 trillion ($210 billion). Taiwan's stock market -5%, wiping out NT$5.73 trillion ($182B). South Korea's stock market hit a 9-month low, while Japan fell to its lowest level in nearly 7 months. US markets suffered one of the biggest falls in history, with the Philadelphia Semiconductor Index falling 12.2%, prompting a sharp sell-off in global markets.