Asian Stocks Fall Sharply on AI Concerns and Middle East Conflict
Asian shares fell Tuesday as concerns about the durability of the AI rally and intensifying competition, alongside a widening Middle East conflict, weighed on risk sentiment ahead of US bank earnings.
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03:38:17 AM UTC
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By Kwanwoo JunSouth Korean stocks slumped Tuesday, dragged by a selloff in semiconductor shares that triggered a temporary trading halt to curb volatility.Concerns about intensifying competition from Chinese chip makers, including ChangXin Memory Technologies, known as CXMT, weighed on South Korean…
Investors have ridden the AI wave in th…