By A brutal tech selloff swept through Asian markets Thursday, wiping out nearly $150 billion in market value from regional tech giants. The bloodletting was led by semiconductor stocks after NVIDIA’s weak guidance sparked contagion fears across the sector.
Sector Highlights:
- Taiwan Semiconductor Manufacturing Co. plunged 6.2%
- South Korea’s Samsung Electronics dropped 4.8%
- Japan’s Tokyo Electron fell 5.5%
- Chinese AI firms showed relative strength
“The chip sector domino effect is worrying because it’s hitting both cyclical and defensive tech names,” noted Morgan Stanley’s Asia tech analyst. The selloff comes amid triple threats: Fed policy uncertainty, weakening consumer demand, and inventory corrections.