WS #12964
Asian stocks rout deepens on AI valuation worries; SK Hynix shares fall 9% despite record earnings; KOSPI down 5%; Nikkei down 2%; tech selloff spreads ahead of Microsoft and Meta earnings. Apple briefly became the second company to reach $5 trillion market cap, driven by strong product demand and avoiding AI capex race, positioning as a defensive tech standout.
Asian Tech Selloff Deepens
Asian stocks rout deepens on AI valuation worries; SK Hynix shares fall 9% despite record earnings; KOSPI down 5%; Nikkei down 2%; tech selloff spreads ahead of Microsoft and Meta earnings.
Apple briefly became the second company to reach $5 trillion market cap, driven by strong product demand and avoiding AI capex race, positioning as a defensive tech standout.