Asian chip stocks plunge amid rising interest rates
Asian chipmaker shares tumbled sharply during a brutal trading session as rising interest rates and mounting capital costs pressured the artificial intelligence trade. Investors are growing increasingly cautious about high spending on infrastructure amid widening market cracks.
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Global semiconductor stocks suffered heavy losses during Tuesday's late evening session as rising borrowing costs and surging bond yields threatened the multi-year artificial intelligence infrastructure spending boom. The selloff marks the sharpest market correction since July across key Asian and Western exchanges. Investors are recalibrating valuations as capital constraints begin to pinch the sector's most aggressive players.
