Thanks for joining me. The global rout in stock markets deepened as more than $500bn (£384bn) was wiped off the value of artificial intelligence (AI) chip makers.

South Korean shares sank by as much as 6.2pc while Japan’s benchmark stock index tumbled more than 4pc at one point. MSCI’s main index of Asia-Pacific shares outside Japan was down as much as 2.3pc, which was the most since Donald Trump’s “liberation day” tariff onslaught in April.

Nvidia supplier Advantest dropped as much as 10pc, while Taiwan Semiconductor Manufacturing Co (TSMC) fell more than 3pc. The moves helped wipe around $500bn from two key indexes tracking semiconductor stocks.

Stocks retreated from record highs after key…