Asian technology stocks tumbled Friday after the Nasdaq Composite sank 5.5% on Wall Street. Investors are concerned about the sustainability and returns of massive artificial intelligence investment spending, as well as potential U.S. restrictions on data-center development. In South Korea, SK Hynix fell more than 8% and Samsung Electronics lost 7%, while Japan’s Advantest plunged 12.2% and SoftBank Group tumbled 11.6%. Taiwan’s TSMC slid 9.6%, and Foxconn-related shares also fell by nearly 10%. The Philadelphia Semiconductor Index plunged 12.2%, while the Nasdaq closed more than 10% below its recent peak.
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