- SK Hynix plunged more than 8% and Samsung Electronics shed 6.7%, with both shares hitting their lowest levels since August.
- SoftBank Group sank 8.8% and led a broader retreat in Japanese semiconductor and electronics shares, including Tokyo Electron, Advantest, Lasertec, Disco and Renesas Electronics.
- The Nasdaq Composite fell 0.44% on Monday, and Micron Technology slid 3.9% as investors weighed competition from China's ChangXin Memory Technologies.
- Investors are weighing worries over artificial intelligence financing and intensifying competition, with a busy week of earnings and US inflation data ahead that could shape the rate outlook.
Quotes
“Asian technology stocks fell Tuesday as a sell-off in U.S. semiconductor shares spilled into regional markets”
“The chief executives of Intel and Broadcom have warned that access to capital could emerge as a major headwind to the artificial intelligence boom”