Asia tech stocks drop after Broadcom rattles AI trade and drags Wall Street names lower
Business
Asian tech shares on Friday tracked losses in U.S. chip stocks after a downbeat earnings report from Broadcom sparked a rotation out of artificial intelligence-linked names into more defensive sectors. The weakness was pronounced in South Korea's chip-heavy market. Samsung Electronics fell nearly 7%, while SK Hynix dropped more than 8%. Other tech-related names also came under pressure, with Samsung SDI down over 7%, LG Display falling 7.4%, LG Innotek losing 6.1%, and Seoul Semiconductor
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