Asian Markets Fall as Chip Selloff and AI Rivalry Weigh
Asian equities lost momentum on Wednesday as semiconductor stocks declined amid a global chip selloff and rising competition from Chinese rivals to South Korean chipmakers. South Korea's KOSPI ended 0.4% lower, extending a six-session losing streak. Samsung Electronics was flat, while SK Hynix fell 1.7%. Investors also considered the impact of higher bond yields on AI-related spending and questioned South Korea's position after China's CXMT technological advances.
TOI Business·


