Asian Shares Mixed as Tech Selloff Deepens

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Asian stocks ended mixed on Wednesday, with AI valuation concerns and fresh U.S.-Iran tensions keeping investors on edge. China's Shanghai Composite rose 0.40 percent to 3,828.47 while Hong Kong's Hang Seng jumped 1.96 percent to 25,807.92, led by internet platform gains. Japanese markets fell sharply, with the Nikkei average down 1.49 percent to 61,434.19 and SoftBank losing nearly 7 percent, while Kioxia Holdings plummeted 13.9 percent. Seoul's Kospi slumped 5.98 percent to 5,663.24, with SK Hynix tumbling 9.6 percent despite a six-fold quarterly earnings increase. Australian markets rallied after headline inflation cooled to 3.8 percent, sending the S&P/ASX 200 up 1.01 percent to 9,038.60, while New Zealand's S&P/NZX-50 hit a record high of 13,976.67 on U.S.-Iran peace talk optimism.