Global Markets — Taiwan and Korea Fall 11%, China and India Rise 6%, Oil Drops 12%

The week the chip corridor broke and most of the rest of the world did not follow.

Taiwan’s fund fell 11.7 percent and Korea’s 10.4 percent, most of it in one New York session on Thursday, and Korea halted trading on Friday. India rose 6.6 percent, China’s large caps 5.7 percent, Mexico 3.1 percent and Spain 2.7 percent. Oil fell 12 percent after the US and Iran signalled openness to talks, and gold rose back above its July low. The w…