Asian tech stocks plunge: SK Hynix down 8%, SoftBank falls 8.8%
A sell-off in U.S. semiconductor shares spilled into Asia, with SK Hynix dropping more than 8%, Samsung Electronics losing 6.7% and SoftBank Group falling 8.8%. Worries over AI financing and rising competition from China's CXMT dented sentiment.
- SK Hynix fell over 8% and Samsung 6.7%, both hitting their lowest levels since August
- SoftBank Group sank 8.8%, Tokyo Electron dropped 6.75% and Advantest 5.65%
- Micron slid 3.9% as China's CXMT reported progress on a new chip structure
- Intel and Broadcom CEOs warned capital access could become a major AI headwind
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