Asian Tech Stocks Drop Amid Nasdaq Correction and AI Concerns

Asian chip stocks plunged as the Nasdaq Composite entered correction territory, driven by fears over AI spending and U.S. data-center regulations.

Asian technology stocks faced significant declines on Friday, following a sharp sell-off on Wall Street that sent the Nasdaq Composite into correction territory. Concerns over the sustainability of AI investment and potential restrictions on data-center development in the U.S. have unsettled investors. South Korean chipmakers like SK Hynix and Samsung Electronics saw steep losses, with SK Hynix dropping 10.44% and Samsung shedding 6.35%. The sell-off spread across the region, with Japanese firms such as Advantest and Tokyo Electron also falling sharply. In Taiwan, TSMC tumbled 4.69%, while China's tech-heavy STAR Market and ChiNext AI Index both dropped over 4%.