Asian markets slide as chip stocks plunge and oil surges nearly 4%

TSMC eases 1.32% as semiconductor sector slides on valuation and AI spending concerns.

SK Hynix dropped over 10% after quarterly profit surged 557% but missed analyst expectations, adding to sector-wide valuation and competition fears.

Kioxia plunged 10% in the broad chip rout driven by valuation concerns and AI spending uncertainty.

Tokyo Electron down 8.5% as semiconductor stocks tumbled on valuation and competition fears.

Chip stocks plunge amid concerns over AI spending and competition, with LG Innotek down 9%.

Seoul Semiconductor sinks over 6% as chip stocks tumble on competition and AI spending worries.

Samsung Electronics fell over 4% amid broad chip stock decline on valuation and competition concerns.

SoftBank Group fell over 7% amid broad chip stock selloff driven by valuation concerns and AI spending worries.