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AI Stocks Sold Off in Asia
The sell-off in AI stocks intensified across Asian markets, with Japan’s Nikkei and Taiwan’s Taiex entering bear-market territory. South Korea’s Kospi fell 8.8%, prompting a halt in trading. Experts attributed the decline to a reassessment of investment in AI and data centers, as well as concerns over possible U.S. regulatory restrictions on chipmakers. The downturn came amid foreign outflows from Taiwan of more than $45 billion during the quarter. By contrast, India’s Nifty rose about 7% over the week, buoyed by lower oil prices and strong domestic demand.
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