Asian stocks continued to decline Tuesday, diverging from Wall Street's rally as AI investment concerns and elevated oil prices weighed on sentiment. U.S. semiconductor and AI-related stocks rebounded Monday, lifting the S&P 500 and Nasdaq after last week's pullback, but Asian AI infrastructure names did not follow suit. SK Hynix fell 3.5% and Samsung Electronics 0.7% early Tuesday, while Kioxia Holdings dropped 2.4% and Taiwan Semiconductor Manufacturing Co. lost 0.8%. The sell-off dragged regional benchmarks lower, with the Kospi down 3.4% and the Nikkei 0.9%. Hong Kong's Hang Seng Index slipped 0.8% after reopening from a holiday, and China's Shanghai Composite declined 0.3%.
Source: Wall Street Journal Markets · Summarized by HeadlinesBriefing