Asia’s tech-heavy markets slumped as selloffs in sector leaders resumed on mounting concerns over stretched AI-related valuations.
South Korea’s Kospi index fell 3.8% on Friday, with heavyweights Samsung Electronics Co. and SK Hynix Inc. bearing the brunt of the selling. Taiwan’s benchmark Taiex declined 3.6%, the sharpest drop since April. Japan’s Nikkei 225 index, home to many of the country’s top tech names, also slid 2.4%.
