Japan’s Nikkei falls as Samsung-led chip selloff weighs on regional tech stocks

Japan’s Nikkei index fell as semiconductor stocks declined, mirroring Samsung’s drop. High-flying memory maker Kioxia shares experienced a significant decrease. Investors shifted towards financial and other undervalued stocks, boosting their performance. The broader Topix index saw a slight slip after reaching a record high. Banking shares and Toyota Motor saw notable gains during the session.

Kospi tumbles 6% as AI investors fear rally may be overblown. A bigger crash coming closer?

South Korea’s Kospi index dropped significantly, led by chip stocks. Investors questioned the sustainability of record earnings driven by artificial intelligence demand. Samsung Electronics and SK Hynix, major index components, saw substantial declines. Other sectors like battery and shipbuilding also faced considerable losses. Foreign investors continued to be net sellers of South Korean equities.