After Broadcom rattles AI trade and drags Wall Street names lower, Asia tech stocks drop
Corroborated by 2 sources from 2 publishers
usbusiness2d ago
TL;DR
Asia stocks pressured by tech losses; Nikkei, KOSPI slide on chip losses Asian tech shares on Friday tracked losses in U.S. chip stocks after a downbeat earnings report from Broadcom sparked a rotation out of artificial intelligence-linked names into more defensive sectors. The weakness was pronounced in South Korea's chip-heavy market.