The Iran war triggered a global stock market rush for safe-haven assets, with the once soaring chip stocks taking the brunt of it.

Sina Finance News on March 31st, as investors prepare for the possibility of protracted conflicts in the Middle East, they are choosing to sell off technology stocks, which have been one of the market's biggest winners in recent months. Memory chip manufacturer Micron Technology fell 9.9% on Monday, with further declines in after-hours trading. In the same industry, Samsung Electronics fell nearly 5% in early trading on the South Korean stock exchange on Tuesday, while SK Hynix fell by as much as 7.7%. Uncertainty remains surrounding potential peace negotiations to end the US and Israel's war against Iran, putting pressure on global markets and showing more signs that investors are abandoning ship. Technology stocks, after years of rising driven by artificial intelligence, are now seeing the most significant declines. The semiconductor index has already fallen more than 13% in March, on track for its worst monthly performance in three and a half years. However, the index is still expected to see a 10% increase for the quarter.