Asian chip stocks fall as valuation dilemma for artificial intelligence continues

Asian technology and semiconductor stocks followed their US counterparts lower, with concerns about overvaluation in artificial intelligence and bubble risk resurfacing. In the South Korean stock market, SK Hynix fell nearly 10%, Samsung Electronics fell 5.2%, Doosan fell 9.6%, and the Korean-American semiconductor sector fell 8.2%. In the Japanese market, Tokyo Electron fell 5.8%, Screen fell 4.9%, Lasertec fell 5.5%, SoftBank Group fell 11%, Katx fell 16%, Advantest fell 10%, and Disco fell 7.4%. The MSCI Asia Pacific Information Technology Index briefly fell 1.7%, the MSCI Asia Pacific Index dropped 0.7%, and the South Korean Kospi Index fell 4.2%.