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Asian stock markets experienced a decline following a global sell-off led by technology companies, despite a temporary rebound after a sharp downturn. The MSCI Asia-Pacific Index edged lower, while shares of Taiwan Semiconductor Manufacturing Company fell more than 3%, although they remained relatively resilient amidst the overall slump. Companies linked to the chip industry were also affected, with Seriba Systems' shares dropping nearly 10% after investor disappointment over its sales forecasts. Currently, the market is focusing on Microtronology's earnings results as an indicator of demand for AI infrastructure, amid concerns of an AI-related market bubble, as U.S. technology indexes and Asian stocks also declined.
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