India, Nov. 6 -- The world's stock markets saw a record selloff on Friday amid growing doubts regarding the sustainability of the ongoing AI bubble, causing technology stocks to fall heavily. The US equity market alone has lost more than $2.5 trillion in value during just one trading session, causing huge losses throughout the world's financial markets, including the Asian region.

The main stock index of South Korea, the KOSPI, saw a drop exceeding 8% on Friday, and in response, the stock market introduced circuit breakers for 20 minutes. Meanwhile, the Nikkei 225 of Japan also saw more than 6% drop, bringing it to bear market status due to falling by over 20% from its recent peak level.

The global market rout has come amidst a tough da...