SK Hynix, SoftBank shares plunge as tech stocks in Asia track Wall Street sell-off

Asian technology stocks fell Tuesday as a sell-off in U.S. semiconductor shares spilled into regional markets, with worries over artificial intelligence financing and intensifying competition denting sentiment. Shares of South Korean chip giant SK Hynix, a leading supplier of high-bandwidth memory chips used in artificial intelligence applications, plunged more than 8%, while rival Samsung Electronics shed 6.7% — both hit their lowest levels since August. In Japan, shares of tech-focused investment giant SoftBank Group sank 8.8%. The group, which has significant exposure to the global AI industry, led a broader retreat in Japanese semiconductor and electronics shares. Tokyo Electron , a major supplier of chipmaking equipment, dropped 6.