Asian stocks slide as Korea chipmakers sink; Brent falls 0.8% to $71 a barrel
AI Market Summary
A sharp global semiconductor selloff is dragging Asian equities and pressuring US index futures, reviving concerns the AI-led rally is overextended. Reports that Apple is negotiating to source chips from Chinese suppliers amplified fears of eroding competitive moats for Korean leaders, intensifying sector de-risking. Softer Fed rhetoric helped cap rate-hike expectations, but has not offset tech risk-off. Brent’s slide further reflects weaker macro/risk sentiment.
Impact level
● High
Affected assets
NCSINASDAQ1002USD/USDT-1.17%
AI Insight · NCSINASDAQ1002USD/USDTAI Insight
▼ Bearish
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Asian equities retreated as a sharp selloff in chip stocks dragged South Korea’s SK Hynix and Samsung Electronics down more than 8%, while Kioxia slid 14% in Tokyo. The declines followed reports that Apple is negotiating to buy chips from two Chinese semiconductor makers, stoking concerns about the durability of Korean firms’ competitive edge. In the US, a semiconductor-stock gauge fell 6.3% and Micron Technology dropped 10.57%, while Nasdaq 100 futures pointed to further weakness. Brent crude slipped 0.8% to $71 a barrel, the lowest level since Feb. 26.
