Tech and chip stocks tumble across Asia as investors rethink the AI boom

Asia is caught in Wall Street's storm as the global tech rout deepens. The AI frenzy has cooled fast as sky-high valuations run into reality. Traders are locking in profits and bracing for more chaos in tech and chip stocks. The gloom on Wall Street spread across Asia on Wednesday, with key indexes tumbling as a global tech sell-off deepened. In Japan, the benchmark Nikkei 225 Index slid as much as 4.7%, led by chip test provider Adventest, which plunged 11%. In South Korea, the Kospi index dropp ...