SK Hynix IncDived 11% as semiconductor stocks plunge on AI ROI uncertainty.
Tokyo stocks plunged more than 4% in morning trade today, with the Nikkei 225 falling 2,701.42 points, or 4.16%, to 62,229.77, and the Topix index dropping 2.92% to 3,947.25. Semiconductor shares led the decline, tracking losses in their US peers amid uncertainty over the return on investment in artificial intelligence. Tokyo Electron slumped over 10%, while Advantest fell 10.25% and SoftBank Group lost 6%. Kioxia tumbled more than 17%. Across the Asia-Pacific region, markets were broadly lower. South Korea's Kospi index plunged as much as 8% after SK Hynix dived 11% and Samsung Electronics dropped 9.5%, prompting the Korea Exchange to trigger a 20-minute temporary trading halt. Taiwan's TAIEX fell 3.79%, with TSMC down over 2%. China's SSE Composite Index slipped 0.93%, bucking the trend of Hong Kong's Hang Seng Index, which rose 0.59%.
SK Hynix IncDived 11% as semiconductor stocks plunge on AI ROI uncertainty.
Fell 10.25% amid broad semiconductor sell-off due to AI ROI uncertainty.
TE Connectivity LtdSlumped over 10% as semiconductor shares fall on AI investment return concerns.
Tumbled over 17% as semiconductor shares decline on AI investment doubts.
Taiwan Semiconductor Manufacturing Co. Ltd.TSMC falls over 2% as semiconductor sector declines on AI investment concerns.
Samsung Electronics Co LtdSemiconductor shares tumble on AI ROI uncertainty; Samsung Electronics drops 9.5%.
Broad market sell-off driven by AI ROI uncertainty, dragging down SoftBank Group.