Asian Chip Stocks Plummet Following Nvidia’s Wall Street Sell-off Amid Antitrust Probe Concerns
Asian semiconductor stocks faced significant declines on Wednesday after Nvidia’s sharp 9% drop on Wall Street overnight. This followed concerns about the U.S. economy and an antitrust investigation involving Nvidia. The sell-off hit major players across Asia, with SK Hynix falling over 6%, Samsung Electronics down 2.6%, and TSMC dropping 4.3%. Japan’s Tokyo Electron and Advantest also suffered heavy losses, reflecting the broader impact of Nvidia’s slump, which erased $279 billion from its market cap. The downturn highlights the global ripple effect of Nvidia’s performance in the semiconductor sector.
