Asian technology stocks fell Tuesday as a U.S. chip sell-off spread to regional markets. Concerns about AI financing and competition drove the decline.
8%-plus drop for SK Hynix; Samsung Electronics fell 6.7%.
8.8% decline for SoftBank Group, which has heavy exposure to AI.
6.75% loss for Tokyo Electron; Advantest fell 5.65%.
7%-plus slide reported for South Korea's Kospi index.
Why it matters: The sell-off reflects doubts about whether the AI build-out can keep drawing capital. Those doubts persist even as demand for computing power outpaces supply.
Intel and Broadcom CEOs warned access to capital could slow the AI boom.
Micron fell 3.9% on competition from China's ChangXin Memory Technologies.