AI Trade Reversal Hits Asia's Picks-and-Shovels Stocks

A deepening selloff in US tech stocks is exposing a new vulnerability in Asia's AI trade: rising financing costs could choke off the spending needed to sustain the boom, threatening earnings across the supply chain that powered the region's market rally.

• US tech selloff intensifies pressure on Asian AI hardware suppliers
• Rising financing costs threaten to curb AI infrastructure spending
• Earnings across the supply chain that drove Asia's rally are at risk