Veytics Intelligence
2026-10-30 · Yahoo

Asian tech stocks slump as AI rout deepens on disappointing U.S. earnings

Investing.com-- Asian technology stocks fell sharply on Friday, extending recent declines as worries over the slowing artificial intelligence trade were amplified by weak earnings from major U.S. companies. Still guessing which stocks will beat the market? Our AI portfolio updates monthly and is outperforming the S&P 500 by 118%. See this month's list » Chipmaking stocks were the worst hit, with TSMC (TW:2330)– the region's most valuable company– falling 1.8% in Taiwan trade. Server and electronics assembler Hon Hai Precision Industry, better known as Foxconn, (TW:2317) fell 3%. South Korea's Samsung Electronics Co Ltd (KS:005930) fell 5.

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