Asian stocks slide as chipmakers extend losses; Kospi sinks 7.1% and Nikkei drops over 3.5%
AI Market Summary
Asian equities sold off as chipmakers fell on renewed doubts about the sustainability of AI capex and prospective returns, reinforcing a third-day semiconductor drawdown. South Korea's Kospi plunge and sharp declines in SK Hynix/Samsung underscore de-risking in the AI supply chain. Event risk is elevated with major central bank decisions and megacap tech earnings ahead, while easing geopolitical premium pressured oil and supported Treasuries.
Impact level
● High
Affected assets
NCSKNVDA2USD/USDT-7.05%
AI Insight · NCSKNVDA2USD/USDTAI Insight
▼ Bearish
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Asian equities sold off sharply, led by a 7.1% plunge in South Korea’s Kospi and a fall of more than 3.5% in Japan’s Nikkei 225. SK Hynix dropped almost 10% and Samsung Electronics fell more than 8%, extending a third straight day of weakness in chip shares. Investors are weighing concerns that AI capital spending may be excessive and could pressure returns, alongside uncertainty over a potential Federal Reserve rate hike and US-Iran negotiations. Several megacap technology firms are due to report earnings this week, with the durability of AI spending in focus.
