The sell-off quickly spread to Asia, dragging down key semiconductor and AI-linked firms. In Japan, Advantest, a leading maker of semiconductor testing equipment, fell by over 8%, while Renesas Electronics dropped 6%.
Samsung Electronics and SK Hynix in South Korea declined 6% each, though both remain significantly higher year-to-date, up 80% and 210% respectively.
In Taiwan, TSMC shares slipped over 3%, while Chinese tech giants Alibaba and Tencent lost 3% and 2%, respectively.
