A slump in technology stocks snowballed into Asia as mounting anxiety over frothy valuations and massive AI spending drove investors to trim exposure.
MSCI’s gauge of Asian tech shares slid on Thursday for a fifth time in six sessions with Samsung Electronics Co. and SoftBank Group Corp. among the losers. South Korea’s Kospi Index — a poster child for AI investments — led the losses, dropping 3.9%…. [3675 chars]
Source: Fortune | Published: 2026-02-05T12:39:56Z
Credit: Fortune
