Asian Stocks Slide Amid AI Financing Concerns, With Losses Varying by Market

Asian stock markets slid on Oct. 15 as concern over the cost and financing of artificial intelligence investment coincided with sharp differences in losses across regional benchmarks. South Korea recorded the steepest decline among the markets covered. The KOSPI fell 7.57%, while the KOSDAQ also dropped sharply. The two indexes triggered first-level circuit breakers sequentially, pausing trading for 20 minutes. Samsung Electronics lost 9.48% and SK Hynix fell 11.06%. Foreign investors sold about 2.9 trillion won in KOSPI shares. The two companies’ combined share repurchase programs, valued at about 55 trillion won, were nearing completion. Japan’s Nikkei 225 dropped 4.90% to 64,425.95. Investors focused on weakness in CoreWeave bonds as they weighed AI investment costs and balance-sheet pressure. Semiconductor equipment shares and SoftBank Group were among the stocks hit.

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