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Japan's Nikkei 225 plunged below the 50,000 mark on Wednesday amid a wider decline in Asia markets as investors fled AI-related stocks.

The Nikkei lost 4.65%, while the Topix was down more than 3%. Shares in Japan's SoftBank Group plunged more than 14% Wednesday amid a broader drop in Asian AI-linked companies, tracking declines in U.S. peers.

South Korea's Kospi fell over 2%, with chip heavyweights Samsung Electronics and SK Hynix posting losses of over 7% and 8% respectively. The small-cap Kosdaq shed 5.39%.

The South Korean won weakened as much as 0.6% to 1,449.50 against the greenback, the lowest since April, data from LSEG showed.

Hong Kong's Hang Seng index fell 1.3

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