Asian stocks slide on Korea chip selloff; TSMC in focus
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- Asian equities slid across the region, with the selloff concentrated in South Korean chip stocks that dragged the Kospi lower.
- TSMC earnings emerged as the next major focal point for investors, while bonds rallied on cooler inflation readings and AI-related concerns hammered tech shares.
Why it matters: The convergence of a chip-led regional selloff and looming TSMC earnings hits Korea's export-heavy Kospi hardest, while cooling inflation lifting bonds suggests traders are repositioning for a softer outlook as AI concerns hammer tech.
