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Asian tech stocks fall despite optimism
Asian technology stocks declined today (Thursday), impacted by sell-offs experienced in the Wall Street market, amid ongoing sharp global sector volatility. Shares of companies such as SoftBank, Tokyo Electron, SK Hynix, and Samsung fell by between 1.46% and 8.84%. Despite these fluctuations, investors remain optimistic about the sector’s future, with J.P. Morgan Bank affirming that the current sell-off has not affected the AI investment cycle. They also highlighted that the sector's economic growth is primarily driven by spending on artificial intelligence and defense, marking the fastest growth rate since May 2021 in the global technology sector index.
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