Asian technology shares fell after a U.S. semiconductor sell-off, with SK Hynix, Samsung Electronics and SoftBank all dropping sharply. Worries over AI financing, competition and upcoming U.S. data added to the pressure.
01Summary
- 01SK Hynix fell more than 8% and Samsung Electronics shed 7.9%, both hitting their lowest intra-day levels since August.
- 02SoftBank Group sank 8.03% in Japan, leading a broader retreat in semiconductor and electronics shares.
- 03Tokyo Electron dropped 6.6%, Advantest lost 5.38%, Lasertec fell 4.76%, Disco declined 4.83% and Renesas Electronics shed 5.89%.
- 04The declines followed a weak Wall Street session, where the Nasdaq Composite fell 0.44% on Monday and Micron Technology slid 3.9%.
- 05Chinese chipmaker CXMT said over the weekend it had made progress on a new chip architecture designed to increase memory density.
02Why it matters
The sell-off shows how quickly sentiment in AI and chip stocks can spread across markets. It may also affect investor confidence in semiconductor shares if concerns about competition and funding continue.
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