Asia-Pacific stocks slide as chip rout deepens; MSCI gauge falls as much as 3.6%, Kospi plunges 11%

AI Market Summary
A renewed global semiconductor selloff, driven by doubts over AI capex returns and valuation risk, pushed Asia-Pacific equities toward correction territory and hit Korea's Kospi particularly hard. Nasdaq 100 futures also weakened, signaling broader tech de-risking ahead of major central-bank decisions and megacap earnings. Bonds caught a bid as oil retreated and inflation fears eased, while crypto tracked risk-off conditions.
Impact level
● High
Affected assets
NCSKSOXX2USD/USDT-8.19%
AI Insight · NCSKSOXX2USD/USDTAI Insight
▼ Bearish
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Asia-Pacific equities sank, with the MSCI Asia Pacific Index down as much as 3.6% intraday to its lowest level since May. South Korea’s Kospi Index plunged 11% as chip shares sold off amid worries about circular funding and intensifying competition from China. Benchmarks in Japan and Taiwan each fell more than 4%. Nasdaq 100 futures slipped 1%, underscoring the pressure on global tech sentiment.