Asian stocks mostly sink as AI worries hammer tech

Asian stocks mostly sink as AI worries hammer tech

Regional investors were unable to build on a second day of gains on Wall Street, where more data showing inflation easing pushed back bets on a Federal Reserve interest rate hike to later in the year. Seoul's Kospi dived more than seven percent as chip titans SK hynix and Samsung each gave up around 10 percent amid growing anxiety that the AI rally -- which had pushed both firms to record highs this year -- has run its course. Traders are questi…