AI sell-off wipes $800B from Asia’s stock markets in a day

A deepening sell-off in AI-related stocks has led to significant losses in Asia’s stock markets, with more than $800 billion reportedly wiped out in a single day. Key semiconductor-heavy markets, including South Korea and Taiwan, experienced substantial declines as concerns about AI investment returns and increased competition from Chinese chipmakers intensified. The MSCI Asia-Pacific index, along with major indices in Japan and South Korea, reported notable decreases, reflecting a broad regional impact. The sell-off appears driven by skepticism over AI sector valuations and macroeconomic pressures, including rising interest rates.

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