KOSPI dives 5, Nikkei drops 3.8 as AI rally stalls Oil and dollar rise on Middle East tensions Shifting Fed rate expectations send investors to the exit SINGAPORE, June 8 Reuters Asian stocks plunged on Monday as investors rushed out of the hottest AIlinked shares on fears the bull run has gone too far, too fast and as fresh hostilities in Iran pushed up oil prices. The twin triggers for a rout that is highlighting a fragile market mood were last week39;s disappointing outlook at chipmaker Broadcom and a surprisingly strong U.S. jobs report on Friday that has traders pricing a rate hike this year. Korea39;s chipheavy KOSPI, the world39;s bestperforming market this year, led losses in Asia with a 5 slide that has the benchmark down 13 from last week39;s record high. Japan39;s Nikkei fell almost 4 with market darlings across the computerchip production supply chain falling furthest, while Taiwan39;s benchmark sank 3.9. Nasdaq futures were attempting a recovery following a sharp selloff on Friday and European futures fell 1. The Nasdaq dropped 4.2 on Friday. The move looks more like a positioning and momentum unwind than a reassessment of the longterm AI story, said Marc Velan, head of investments at Lucerne Asset Management in Singapore. Korean technology names have been among the strongest performers globally and were heavily owned, so when rate expectations shifted after the jobs report, they became a natural source of liquidity. In bonds, 2year Treasury...