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Asian Tech Stocks Slide Amid Global AI Sector Jitters

Asian Tech Stocks Slide Amid Global AI Sector Jitters

Author:

Global Cryptocurrency

Published:

2026-02-06 10:11:01

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BTCCSquare news:

Korean exchanges extended losses as contagion from the global tech selloff spread through regional markets. The KOSPI benchmark dropped 1.7%, dragging developing Asia's equity index down 0.5%. Semiconductor giants Samsung Electronics and SK Hynix led declines, erasing 2.4% from the regional tech subindex.

Market nerves tightened after Anthropic's chatbot upgrade reignited concerns about AI-driven disruption across IT services. "The pullback reflects profit-taking after stretched valuations," noted eToro's Zavier Wong. Indonesia's bourse suffered separately after Moody's warning on sovereign debt outlook.

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