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Asian Tech Stocks Tumble Amid Nasdaq Sell-Off
Asian technology stocks fell sharply after the Nasdaq Composite dropped 5.5%, driven by concerns about lower AI spending and data center growth. Major losses were recorded by SK Hynix (-8.93%), Samsung Electronics (-4.81%), and SoftBank (-9.07%). The market impact includes more selling pressure for Asian chip stocks and potential weakening investor confidence in AI stocks.