Asian technology hardware shares fell sharply as investors worried about higher US rates and the cost of funding artificial intelligence build-outs. SK Hynix led losses, while Samsung Electronics, SoftBank and other chip stocks also dropped.
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01Summary
- 01SK Hynix fell more than 10% and Samsung Electronics lost 7.1% in South Korea.
- 02LG Innotek dropped 8.1%, Seoul Semiconductor shed 7.7% and Samsung SDI declined 6.8%.
- 03In Japan, SoftBank Group fell 7.9%, Advantest lost 6.9% and Tokyo Electron and Renesas Electronics both dropped 5.4%.
- 04The sell-off followed Wednesday's weak Wall Street session, when the Nasdaq Composite fell 1.88% and the S&P 500 dropped 1.11%.
- 05Broadcom and Intel chiefs warned on Monday that financing could become a major headwind for the AI boom.
02Why it matters
The slide shows how sensitive chip and AI-linked shares are to interest-rate and funding worries. It matters because the rally in AI-related stocks could slow if borrowing costs keep rising and investors pull back from big infrastructure spending.
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