$550B Wiped Out as Asia’s AI Stocks Crash, Bitcoin Jumps 4%

South Korea lost $203 billion as the KOSPI plunged 5.28% amid heavy semiconductor selling. Japan's major stocks SK Hynix dropped 9.46%, while Samsung Electronics fell 7.57% during the sell-off. Investors fear tighter US AI data-center rules could slow the sector’s massive spending boom. A massive sell-off hit Asian stock markets today, wiping out nearly $550 billion from South Korea, Taiwan and Japan, sending chipmakers stocks sharply lower. The decline came as investors worried that stricter data center rules following the Democrats’ midterm victory could slow AI spending.

Source: Coinpedia