China’s ‘Lipstick King’ Says AI Won’t Replace Livestream Hosts 
Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets 
European Stocks Fall as Bond Yields and Geopolitical Risks Weigh 
Mexico-US Trade Talks Delayed to October as Tariff Negotiations Continue 
Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
Oil Prices Ease as Iran Tensions Clash With Diplomacy Hopes 
Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
Asian Stocks Fall as Surging Bond Yields Rattle Markets 
U.S. Dollar Hits Two-Month High as Oil, Treasury Yields Surge 
Asian Currencies Mixed as Dollar Holds Near Two-Month High 
U.S. Treasury Yields Surge as 30-Year Hits 22-Year High 
Dollar Holds Near Two-Month High as Yen Approaches 160 
Oil Prices Jump 3% as Houthi Attack Revives Supply Fears 
Add as a preferred source on Google
Asian chipmaking and technology stocks tumbled sharply on Wednesday, tracking heavy overnight losses in U.S. markets as investors grew increasingly wary of an artificial intelligence (AI)-driven market bubble.
South Korea’s KOSPI led regional declines, dropping as much as 6% as major tech firms SK Hynix Inc. (KS:000660) and Samsung Electronics Co. Ltd. (KS:005930) each shed nearly 6%. Taiwan Semiconductor Manufacturing Co. (TW:2330), a key player in the global AI supply chain, fell around 3%, while Hon Hai Precision Industry Co. Ltd. (TW:2317) dropped 1.8%.
Japan’s Nikkei 225 slumped 4.5%, dragged down by tech losses. SoftBank Group Corp. (TYO:9984) plunged nearly 14%, while Advantest Corp. (TYO:6857) and Lasertec Corp. (TYO:6920) sank 9.7% and 8.5%, respectively. Hong Kong’s Hang Seng Index slipped 1.1%, with Semiconductor Manufacturing International Corp. (HK:0981) losing 2.5%, and tech heavyweights Alibaba Group (HK:9988), Baidu Inc. (HK:9888), and Tencent Holdings Ltd. (HK:0700) sliding between 1% and 3%.
The selloff followed warnings from Wall Street executives at Morgan Stanley and Goldman Sachs about inflated valuations in the tech sector. Investor Michael Burry, known for predicting the 2008 financial crisis, also shorted AI leaders NVIDIA Corp. (NASDAQ:NVDA) and Palantir Technologies Inc. (NASDAQ:PLTR), adding to the bearish sentiment.
Wall Street’s NASDAQ Composite fell 2% overnight, with positive earnings from Palantir and AMD (NASDAQ:AMD) doing little to calm nerves. Investors grew uneasy as Meta and Microsoft’s soaring AI-related capital expenditures failed to deliver proportional returns, squeezing profit margins.
Concerns over circular AI financing intensified after NVIDIA announced a $100 billion investment in OpenAI—a major buyer of its chips—fueling fears of an overheated market. With NVIDIA’s earnings due on November 19, traders now await fresh signals that could determine the next major move in global tech stocks.
