Asian shares slide as chip stocks sell off; South Korea’s Kospi drops 5.1%
AI Market Summary
Asian equities fell as chip stocks sold off sharply, dragging key benchmarks (KOSPI -5.1%, Nikkei 225 -1.5%). The move signals renewed risk-off positioning in cyclicals and semiconductor supply chains, with spillover sensitivity to global tech leadership after modest U.S. declines. Separately, oil weakened as U.S.-Iran indirect talks raised expectations of de-escalation, reducing near-term geopolitical risk premia in energy.
Impact level
● Medium
Affected assets
NCSINIKKEI2252USD/USDT+1.88%
AI Insight · NCSINIKKEI2252USD/USDTAI Insight
▼ Bearish
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Asian stock markets fell on Thursday, led by a 5.1% drop in South Korea’s Kospi as chipmakers SK Hynix and Samsung Electronics slid 7.7% and 6.4%. Japan’s Nikkei 225 declined 1.5%. Oil prices moved lower after indirect U.S.-Iran talks took place via mediators in Qatar and Pakistan, lifting expectations that the war in Iran could end.
