Global stocks sold off on Tuesday, led by deep losses for tech stocks following a losing session for the sector on Wall Street.

Shares in Asia were broadly lower by the end of the day’s trading session, with South Korea’s tech-heavy Kospi index closing 10% lower. The index was dragged down by chipmaker SK Hynix and tech giant Samsung, with both companies ending the session on losses of more than 12%.

In Europe, shares also fell sharply as the pan-European Stoxx 600 shed around 1%, paring earlier deeper losses by the afternoon.

The Stoxx 600 Technology index led regional losses, declining 3%. Chipmaker