Asian tech stocks tumble as SK Hynix drops 10% in AI sell-off
What's next: Microsoft and Meta earnings, plus the Fed decision, are set to test whether AI spending can still support chip valuations.
Subject
#Tokyo Electron
SK Hynix drops 10% as chip selloff spreads across Asia
Why it matters: The slide hit Samsung, Tokyo Electron and TSMC as investors reassessed AI server spending tied to U.S. tech demand.
Bloomberg, The New York Times +1
Asian stocks jump as Micron outlook revives AI chip rally
What's new: Nasdaq 100 futures rose nearly 2% and oil fell below pre-war levels, easing pressure on regional markets after a two-day slide.
Asian stocks swing lower as tech rout deepens, oil stays below $80
What's new: South Korea's Kospi fell more than 3% as SK hynix and Samsung slid, while crude held losses after progress in US-Iran talks.
Asian tech stocks rebound after Wall Street chip rally
What's new: Seoul's Kospi recovered much of Monday's 8.3% plunge, while SK Hynix jumped 6.44% as investors returned to AI shares.
Bloomberg, Channel News Asia +1